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what is the problem happening with europe?
what is actualy going on with europe, i heard last time about its greece problem debt crisis that government was selling public property to pay its debt.! i also heard that bonds are falling what is going on with europe now what is the major problem with euopre’s country france, greece is the debt crisis still there? has there been any bailout for greece how will it effect forex and stocks?
All europ country suffer high debt problem.
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LikeDislikeGreece is only one of the problem countries. Others include Italy, Spain, Portugal, and Ireland. Sort of systemic. All of these countries have been borrowing and spending like the US. The problem is that the money they borrowed was mostly lent to them by stupid bankers though out the world. So if they can’t pay it back, all of those banks are going to take a big hit. And we all know how much in love governments are with their bankers. Actually, if big banks get in trouble and there is a run on deposits, they will collapse and that is bad, bad, bad. The bigger the bank the worse it becomes and it is only the real big banks that lent all of that money to these profligate countries. If it were just you and I that had lent the money, nobody would care if we ever got paid back or not, but when it is a banker that lends the money that is a different story.
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LikeDislikepersonally I would be shorting the EURO but I dont know much about Forex but I think that the EURO Union will not make it another 10 years unless they do a good job during this crisis. The overall problem is that its a union of countries and they all have a limit as to how much money they can print. The US can just print more and more money, but that will also hurt us in the future, but atleast we have more time to think of a solution. The best solution I can think of doing is leaving the EU and go back to standard currency of the country. Yes there are problems in France and throughout the EU? France has high taxes because they pay for things like universal health care which covers much more extensively then what our health care plan does. I wouldnt buy Greece debt right now, unless maybe the 1 month debt but I’m not sure yet I would have to research it but they would probably not default within the next month. Before making an investment contact your broker. I hope this helped
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LikeDislikethey put mayonnaise on their french fries instead of ketchup
sick bastards
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LikeDislikebECAUSE INTEREST RATES WERE SO LOW (BECAUSE OF THE STREGNTH OF THE strength of the ‘union’ countries borrowed lot’s of money and blew it on roads, bridges, etc.Then came the credit crunch and these countries who borrowed couldn’t pay the interest let alone thecapital and they couldn’t sell the assets they had bought. Then their governments (or the EU lent them money) .But by then the cost of borrowing went up and the debt problem spread to other countries (and it begam more expensive to borrow money). So it spread from Greece and Ireland to Italy and Spain and to France???? Germany is the only strong one in the roup but why should they bail out the weak ones (especially when there may be corruption involved. PLUS global economies are slowing down!!
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