European leaders (read banker-types) insist on austerity (read lower real wages and services for middle and lower classes) in the midst of 10% and rising unemployment.  Dangerous mix.  The one good sign is that the ECB is actually buying govt bonds, including Greek bonds, despite it's public hard-line position.  From Calculated Risk: Europe Update: Strikes … Continue reading Europe Update: Strikes in Spain, UK Austerity, ECB Bond Purchases