Re: Europe: Ticking Debt Bomb?
OT: Should this be in the Politics Forum?
Back on topic: this is why Europe should have instituted an equivalent to the Federal Reserve banking system for the Euro. Many of the countries have central banks, but they don't have an organized system for helping each other out in the same way that the federal government over here can help out states which are in debt.
No, deficit spending is not good. But sometimes it's better than the alternative, as the Europeans are finding out.
Also, I lost $1,000 in two days off my portfolio. Stupid Italians.
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