The Eurozone, and all that................

Currently, the leader of the G20 economic club are meeting in Mexico to talk about the current global financial crises (plural).  Most of them could be grouped under one heading and called the Eurozone crisis (singular).  The head of the E.U. has been interviewed and laid the blame of the crisis firmly at the door of the Americans for their inventive practices in some financial products.  However, is that not just a ploy to try and divert attention form the problems in his own back yard?  Greece was on the verge of becoming the first country to go bankrupt and leave the Eurozone, but there are several countries that are not that far behind.
Greece seems to be populated by people who spend most of their waking hours thinking up ways to avoid paying tax.  Obviously, with very little money raised by taxation, then it does not take a rocket scientist to work out that the Government will run out of money at some point.
Spain has had run away property inflation.  Prices of houses just kept on going up and up, rather like they do in London. (£450,000 for a two bed flat in London, would buy you a very significant property elsewhere in the U,K,). eventually, the economy ran out of money as it all became tied up in loans to buy houses.  Spain currently cannot afford to borrow money to stimulate its economy as it is being charged interest rates at over 7%, which is unheard of.
Then we come to good old Blighty.  the only country in the E.U. that has experienced a double-dip recession.  Critics of Gideon have said that he took too much money out of the economy too fast and the economy slowed down, again.  Let me give you this analogy.  In most households, a lack of money means that you cut back, fewer trips to the cinema, meals out etc.  But what you do not do is leave yourself so short that you do not have enough money to get to work!  That is what has happened here.  They pontificate about the private sector 'picking up the slack', but when people do not have the money to buy the goods and services offered by the private sector, it will be unable to pick up the slack at all.  Have they realised this too late?  Report are now coming out that the Government is offering the banks 'cheap money' (there's a concept!)  Money that the banks will lend to small businesses.  when Gordon tried this it did not work, perhaps Gideon will have more success.