Thursday, July 5, 2012

European Debt Crisis Explained

Posted by
Via the man I dub "The Great One", T.C.

-http://youtu.be/LKsZ1hqHBHU

The debt levels around the globe are unprecedented in peacetime. The odds of restructurings and/or defaults are higher than most believe. When does debt become unsustainable? The video shows the debt levels of numerous countries have reached "problem" levels. Since the bill coming due in the form of maturing bonds is so large, policymakers in Europe have no easy way out. "Solutions" may include printing money to create inflation or debt restructurings/defaults; or a combination of the two.
at 7:18 AM

1 comment:

  1. T.C.July 5, 2012 at 3:51 PM

    If this can't sway people about the problem nothing will.

    ReplyDelete

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