Recently, as credit rating agencies lowered the credit ratings for USA's 3 major banks, Greece, and Italy, the whole world's credit market and international currency market are in peril. In the midst of all this, Bloomberg's new article was remarkable... Article's content : As south Korea's government released their plan for 2012 budget, they stated that the new budget was planned in order to reduce the amount of debt created for next year considering the financial crisis going on in Europe. They also stated that other nations in Asia should follow. Bloomberg praised South Korean government's effort, stating that South Korea is capable of overcoming any international financial crisis no matter how big it is, and South Korea is preparing for a possible crisis beforehand unlike the U.S or Greek policy makers.