The discussion about the so-called 'solvent' and 'creditworthy' countries of Europe bailing out the insolvent countries has not entered into reality as yet. The trouble is the scale of the problem. Not only are Ireland, Greece, Italy, Portugal, Spain in severe difficulties. So too are Poland, Hungary, Czech Republic and Romania from the bigger East European countries, as well as Latvia, Estonia, Lithuania, not to mention Ukraine.
Posted on The Tap Blog
Sunday, 1 March 2009
America Will Have To Bail Out Europe
