PBS: How Severe Is Europe’s Intertwined Debt Crisis?

The PBS NewsHour ran this piece tonight titled, How Severe Is Europe’s Intertwined Debt Crisis? Note how Iceland is rising as the model debtor and listen carefully for the “politics of bailouts,”

“Germany does not have pockets deep enough to bail out half of Europe…  If Spain were to fall…If there were a bailout of Spain, then you would see serious discussions in Germany about a breakup of the Eurozone…and a fracturing the Euro down the road…”

We read some headline somewhere today about the Euro is going to $1.60.  Can you hear the rivets popping in Ireland and Greece?   Hat tip to John Porter!

(Click here if video is not observable)

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This entry was posted in Currency, Euro, PIIGS, Sovereign Debt, Sovereign Risk, Video and tagged , , , , . Bookmark the permalink.

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