Thursday, July 5, 2012

European Debt Crisis Explained

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


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.

1 comment:

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


If the post you are commenting on is more than 30 days old, your comment will have to await approval before being published. Rest assured, however, that as long as it is not spam, it will be published in due time.

Related Posts with Thumbnails