As bad as the economy is in America, the situation is much worse in the Europe. Iceland is bankrupt and the government has been toppled. France and Latvia are facing rioting in the streets. Other European governments are watching their currency value collapse and unemployment rise to staggering levels.France paralyzed by a wave of strike action, the boulevards of Paris resembling a debris-strewn battlefield. The Hungarian currency sinks to its lowest level ever against the euro, as the unemployment figure rises. Greek farmers block the road into Bulgaria in protest at low prices for their produce. New figures from the biggest bank in the Baltic show that the three post-Soviet states there face the biggest recessions in Europe.
This is not a cumlitive effect.....this all happened in just the last week. Just goes to show what I've always said about the news media and politics in Europe...they love to focus their populace on everything bad about the US, to keep them from seeing how bad it actually is in their own backyard. Any wonder why they love Obama so much?
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