52ndStreet
Gold Member
- Jun 18, 2008
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- #21
So in short...they exponentially spent more than they took in...and now they need to beef up the Euro to keep it from imploding by mixing in a more solid currency.
This is my question also, they spent more than they took in, and then they continue to amass
debt by borrowing from the U.S. Fed Reserv Bank multiple times, aren't they just compunding their debt?, and then they try to wright off the debt that they do owe.
Isn't this hurting the value of the U.S. dollar also.? They are using the U.S. dollar to prop up
their insolvent Euro at th expense of the United States.!?
The euro isn't insolvent. A few countries who use the euro will default but the euro is not insolvent.
The Euro may not be insolvent per se, but you have a few Eurozone member countries that are now at borderline insolvency, who have huge debts that they can not repay. Portugal,
Itlay, Greece, Ireland ,Sapin. These countres have the Euro as their currency. Doesn't this
affect the value of the currency,? and the Eurozone as a whole?.
The so called " PIGS" of the Eurozone.?
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