There has been the start of a big bailout process this week again that could ripple out into other parts of Europe. It’s no secret that the Euro has been under a bit of pressure this month. The banks have obligations to keep and as we all know they need bailing out, some countries are feeling the pinch.
The credit crunch has been in full swing for some time and hopefully some time soon the crisis will relax and you will be able to go about your busy day in the knowledge that everything is OK.
Both Italy and Spain have been earmarked as countries with banks that need help. Other more remote countries that maybe to small to be bailed out are also mentioned. You will be surprised at the list of other countries mentioned, so go over to Stirring Trouble Internationally to find out just what is all the fuss is about and how if you take action today can fix things.
- Rogers on Spain Bailout: “This is Insane! Let Them All Go Bankrupt!” (wealthwire.com)
- Why Spain’s bailout may be a bad idea (business.financialpost.com)
- Italy Trembling on the Brink (zerohedge.com)
- Spain calls for European integration to save euro – Chicago Sun-Times (suntimes.com)