The European Union continues to deal with instability caused by an impending debt crisis. Will Greece default? Will this lead to defaults in other Eurozone countries such as Spain, Portugal, and Italy? And would a massive default in Europe plunge the world, including the United States, back into a recession? The financial markets are still trying to make sense of all of it.
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We just spent last night at a friends house talking about this very subject. What is the best solution? Should bailouts actually happen or are they just deferring the problem for a couple years? It is very complex and picking a solution that works is very difficult.
Thanks for mention. I was just in Europe and most people were busy complaining about the bailout. I learned that it’s not worth getting into political debates with strangers lol.
It will be interesting to see what happens. Who will bailout the world? The buck has to stop somewhere.
All the bailouts need to stop, it just delays the eventual market drop that’s likely still to come.
Thanks for the mention!
The EU faces two possibilities – a break-up of the union or formation of The United States of Europe. I’ll place my bets on the latter, although I think it’s only likely after the currency imbalance triggers another worldwide credit crisis. When it does, those who have cash on hand to purchase stocks in great companies at great prices will be big winners.