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View Diary: The Euro Crisis by the numbers (165 comments)

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  •  Agree & Disagree (1+ / 0-)
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    gjohnsit

    1. Agree with the numbers and what they mean, of course.

    2. A lot of talk about how this is happening because the banks were bailed out and things weren't reformed after 2008. That's confusing what's going on in Europe with what's going on in the US. 2008 was a US story; this is fundamentally different. It has nothing to do with the US subprime crisis.

    3. Agree that it will be bad for the US for multiple reasons, the first being derivatives and other US bank exposure to Europe. Agree that there will be a rush to dollars.

    "It is, it seems, politically impossible to organize expenditure on the scale necessary to prove my case -- except in war conditions."--JM Keynes, 1940

    by randomfacts on Sun Nov 27, 2011 at 12:52:57 PM PST

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