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Miguel Costa
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How should Europe deal with finacially troubled countries like Portugal, Greece, Spain?
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Should Europe bail them out, what choices do they have? What options would Portugal have? Can they get out of the EU, or devalue currency or increase productivity or reduce wages? What would you do a…
Started this discussion. Last reply by paul Feb 15.
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Here's Paul Krugman's opinion:
"It’s an ugly picture. But it’s important to understand the nature of Europe’s fatal flaw. Yes, some governments were irresponsible; but the fundamental problem was hubris, the arrogant belief that Europe could make a…
I agree that the other nations in the EU will have to swallow the pain and help the PIIGS.
However, I don't agree that the EU can't change the political environment of each sovereign country. Part of being in a larger community is living within the…
One of the principle ideas of the EU is to have a currency and market that is large enough to compete in a global economy. The amount of resources each country was utilizing in exchanging their currency, tying laws and regulations with each country,…
It looks like Germany is putting together a rescue package for Greece.
This was claimed to be the main reason for the jump in U.S. stocks.
I just read an article about the debt problem in Greece:
"Over the past decade, Greece took full advantage of a strong euro and rock-bottom interest rates to fuel a debt binge by the country’s consumers and its government. Now, if Greece can’t pers…
Seems to be a similar problem in many areas of the world as countries try to respond to the economic recession. First, the recession causes the tax revenue to go down which creates instant deficits - especially in countries that have high levels of…
Should Europe bail them out, what choices do they have? What options would Portugal have? Can they get out of the EU, or devalue currency or increase productivity or reduce wages? What would you do and why?
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