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Tag Archives: European sovereign debt crisis
What Comes After the Bailout of Portugal
With the bailout of Portugal, all eyes are looking towards Spain. This is the market’s next target. A bailout of Spain would be a magnitude more difficult than the previous bailouts. Its economy is far bigger; more than a trillion dollars in GDP and four to five times bigger than Greece. It has a population of 46 million, several times that of Greece.
Posted in Europe
Tagged bankruptcy, Euro, Europe, European sovereign debt crisis, Portugal, Spain
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An Unmentioned Cause Behind America’s Economic Woes
America’s economy is in a bad way. The economic recovery has turned out to be disturbingly weak, and joblessness rates are still actually rising. Investment is down, Americans are depressed and angry, and there are even worries about a double-dip … Continue reading
Posted in Economy, Europe
Tagged Economy, Europe, European sovereign debt crisis, Greece, Politics, recession, unemployment, United States
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