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Top of agenda for the Fed: Europe's debt crisis

Discussion in 'Economics and Financials' started by Topdawg13, Jun 20, 2011.

  1. Topdawg13

    Topdawg13 New Member

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  2. Eshlemon

    Eshlemon Well-Known Member

    http://www.bbc.co.uk/news/business-13850580

    A big confidence vote in Greece today. Greece needs 17 billion more EU and IMF loans to pay its debt but is stating only will give them if they change their economy...who's going to blink first in this scary international dare game?

    [​IMG]

    France and Germany, which have their own debt problems, are by far the most exposed. This and any other defaults are going to be brutal in Europe and the rest of the world. Previous high was Argentinas 80 billion in 2001 which put a hurting of international economies.
     
    Pandarilla likes this.

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