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Initial citations/qualifications still needed and citations for these new claims needed as well. The countries you listed (aside from Greece of course) are hav
by loewenskind 16y ago
Initial citations/qualifications still needed and citations for these new claims needed as well.
The countries you listed (aside from Greece of course) are having some issues, which they are addressing. So what. From where I sit (live in Europe, have family and friends still in the US) the US looks much worse off.
- run4yourlives 16y agoThe initial argument was that investing in Europe as opposed to the US wasn't going to get you anywhere. While we could debate ad-infinitum which economy is "worse", the point stands. It's easy to establish that Europe is in at least as bad a position as the US. Your point as to Switzerland's health points exactly to why many (including myself) think this means that it is actually worse overall: Because of the Euro, each of these problem countries can't control their own interest rate, and so the likelihood of actually defaulting is greater. http://www.moneyweek.com/news-and-charts/economics/europes-economy-goes-from-bad-to-worse-14508.aspx http://www.moneyweek.com/news-and-charts/economics/europes-e...
- loewenskind 16y ago>that it is actually worse overall That what is actually worse overall? Europe or Switzerland? Switzerland isn't in the EU and doesn't have the Euro. It's true they've bought a lot Euros to try and keep the Franc down but they've bought a lot of US dollars as well (for the same reason).