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11-18-2011, 01:33 AM
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| Family Member Join Date: Oct 2011
Posts: 1,444
  |  Is the E.U. on the Brink?
So, lately, we've seen Greece, Ireland, Portugal, Spain, and now Italy (the E.U.'s 3rd largest economy) suffer from debt issues. Greece's Papandreau has resigned, as has Italy's Berlusconi. The bankers have moved in to run those respective countries. Spain appears to be next to see their own debt bubble. Moody's is talking about downgrading France for all their talk about bailouts. Britain is talking about how great they are for not submitting to the Euro, though Germany is telling them "yeah, but you still have to help". So, the question, and this thread, goes out from this debt-laden American to my European friends--what in the world is going on over there? Is Europe on the brink, or what? |
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