The Dynamics of Doom: Why the Eurozone Fix Will Fail

``The kleptocratic "fix" is to divert more of the debtor nations' national incomes to debt service. In other words, money that once went to labor (wages) and social services now goes to debt repayments and interest. What are the consequences of this massive diversion of income? The economy shrinks. Less income means less spending, which means negative growth.''