European Debts Are Growing

Dr. Michael LaitmanIn the News (from eurostat): “At the end of the first quarter of 2013, the government debt1 to GDP ratio2 in the euro area3 (EA17) stood at 92.2%, compared with 90.6% at the end of the fourth quarter of 2012. In the EU273 the ratio increased from 85.2% to 85.9%. Compared with the first quarter of 2012, the government debt to GDP ratio rose in both the euro area (from 88.2% to 92.2%) and the EU27 (from 83.3% to 85.9%).”

My Comment: This suggests that we have reached the end of and have left the capitalist economy and are floating, or rather, rushing to no one knows where. But since politicians and economists do not know our future state, they are carried in the same boat, or rather raft, with us … The only way out is to write off the debts not through the war, but through transition to the integral economy. But this is only possible to the extent of the preliminary re-education of people. Otherwise, it will happen as under the communist terror in Bolshevik Russia.

Related Material:
Shocking Statistics Of The Eurozone Stuck In Crisis
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No One Has Any Chances

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