Financial Situation is Getting Worse - Europe May Need to be Placed on Non-Lethal Suicide Watch-

Non-Fatal Suicide (def):  A set of actions, policy decisions, strategies and positions taken by a business, regulatory agency or government which are so self-destructive that they would cause the demise of a lesser organization, but only inflicts huge but non-fatal harm to an organization that is strong enough to withstand the self-destructive behavior

Americans, There is a World Beyond Our Borders

The situation is Europe has been deteriorating, primarily as a result of what is almost criminally incorrect policy imposed on the weaker nations who have needed financial bailouts and the inability to bring together a diverse group of interest into a single, integrated policy and strategy.

The players in this drama are many, the IMF, the European Central Bank, the private sector banks in Europe, the sovereign nations, the Euro countries and many more.  As this article in the NYT portrays, a deteriorating situation is resulting in a breakdown of cooperative efforts, an every man, woman, bank, Fund, country etc for himself type of mentality.

European Problems from the NY Times

The Dismal Political Economist has opined on this issue in the past, most notably in the characterization of European economic and financial policy as Self Destructive.  Like any other situation, deterioration always takes place faster than expected.

Europe – Meet Murphy’s Law – If things can go wrong, they will go wrong.

The problem for the U. S. is that markets are now global markets.  So, today’s market headline

Europe Sinks Markets

is not comforting at all..