HERRERA,+ANGEL

 ANGEL HERRERA SANCHEZ 19 November 2011  ANGEL HERRERA SANCHEZ 19 November 2011 In December 2001, the Nobel Prize winning Joseph Stiglitz wrote an article which was published worldwide. In the article he argued that the IMF had made a fatal mistake by encouraging Argentinian government to pursue fiscal austerity in the belief that this would restore confidence. Brazil is in a similar situation. How did Bolivia become a heavily indebted country?. Bolivia’s debt problems emerged due to rapid debt accumulation and poor economic performance. Political instability was extremely present. The fiscal situation started to deteriorate. It was recognized that Bolivia had a non-payable debt. The debt crisis in many countries of the Eurozone, Iceland for example, is nothing but part of the severe crisis which modern capitalism is passing by. The denial to pay off the debt would send a strong message to international loan sharks. The Icelandic debt alleged by the Anglo-Dutch is both illegitimate in toto and unpayable in practice. In short, there is substantial reason to believe that a debt moratorium could signify improvements in the economic and political situation faced <span style="font-family: Tahoma,sans-serif; font-size: 11pt;">by Iceland. <span style="font-family: Tahoma,sans-serif; font-size: 11pt;">Enter the European Union, the idea of the euro makes sense. Uniting the countries in  <span style="font-family: Tahoma,sans-serif; font-size: 11pt;">order to give them greater economic strength was a good idea. But political intrigue <span style="font-family: Tahoma,sans-serif; font-size: 11pt;">and other various manifestations of man’s wickedness have worked together to rob <span style="font-family: Tahoma,sans-serif; font-size: 11pt;">from the poor in order to prop up the rich. But where is our Robin Hood? <span style="font-family: Tahoma,sans-serif; font-size: 11pt;">Can Slovakia stand firm against the European Golliath? Now the Germans are telling <span style="font-family: Tahoma,sans-serif; font-size: 11pt;">the poor Slovaks that they need to give more percentage of income than they are <span style="font-family: Tahoma,sans-serif; font-size: 11pt;">willing to give to a country that has failed to follow the rules. So what should Slovakia <span style="font-family: Tahoma,sans-serif; font-size: 11pt;">do? Already many Europeans are appreciating his willingness to stand against the <span style="font-family: Tahoma,sans-serif; font-size: 11pt;">oppressive operations of the central banks. =<span style="color: #e7bce7; font-family: Tahoma,sans-serif; font-size: 11pt;">Very good- Is it all yours? =