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Hugh Hendry On Europe "You Can't Make Up How Bad It Is"

By: capt_nemo in ROUND | Recommend this post (0)
Thu, 03 May 12 9:13 AM | 33 view(s)
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At The Milken Institute conference yesterday, Hugh Hendry delivered his usual eloquent and critical insights on the state of Europe. Beginning with the statement that "All of Europe has defaulted", the canny-wee-fella (translation: shrewd and cautious young chap) explained that "The political economy in Europe is such that the politicians chose to default on their spending obligations to their citizens in order to honor the pact with their financial creditors and so as time goes on, the politicians are being rejected."

http://www.zerohedge.com/news/hugh-hendry-europe-you-cant-make-how-bad-it

Realist - Everybody in America is soft, and hates conflict. The cure for this, both in politics and social life, is the same -- hardihood. Give them raw truth.

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