The Solution to Greece’s Sovereign Debt Crisis
NOVANEWS
by Mike Stathis
In the very first issue of the Intelligent Investor (June 2009), I discussed problems in Europe that became a reality several months later.
“It is likely that America will end up on the hook for the majority of the bailout funds needed for Eastern Europe via the IMF…In the end, I feel the long-term fate of the European Union (EU) will be threatened; not so much for economic reasons as for the continued destruction of each nation’s sovereignty.
Already, common laws of the union are causing social disruptions based upon cultural differences within each member nation. It is perhaps for this reason that the union has aggressively opened its doors to nations outside of the union as a way to dilute the cultural and racial identities of each nation. But we have al...
