EU

EU Finance Ministers Try To Save The Euro

Buckle up kids, the next few weeks are going to be very interesting. EU Preps Euro Fund to Fight ‘Wolfpack,’ Debt Crisis (Update2) May 9 (Bloomberg) -- European Union finance ministers pledged to stop a sovereign debt crisis from shattering confidence in the euro as they held an emergency summit to hammer out a lending mechanism for deficit-stricken nations. Jolted into action by last week’s slide in the currency to a 14-month low and soaring bond yields in Portugal and Spain, leaders of the 16 euro nations agreed on the backstop yesterday and told ministers to get it ready before…
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Charles Krauthammer: Greece, “From An American Perspective, That’s Our Future”

Greece is running a 13% deficit, owes the world $300 Billion and is now working out a bailout with the EU for $41 Billion.  Charles Krauthammer has a opinion on America's future in relation to what is happening in Greece right now. "...from an American perspective, that's the future.  We now have a GDP, a deficit this year of over 10%.  Which is wildly out of control...if we stay on course, the most optimistic estimates out of the CBO are that we are going to have a national debt, a total accumulated debt in ten years of about 100%, 90%…
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