– January 13, 2011
Share:

“Greece. Ireland. And now, it seems, Portugal.

While the circumstances that have driven these debt-ridden members ofthe euro zone to the brink differ, they share one common characteristic: all three countries aggressively tapped their domestic banking systems for more debt long after they had been shut out of international bond markets.” Read more

“Foreigners Shun Europe’s Bonds, and Debt Piles Up” 
Landon Thomas, Jr. 
The New York Times, January 11, 2011. 

Image by Idea go / FreeDigitalPhotos.net.

Tom Duncan

Get notified of new articles from Tom Duncan and AIER. SUBSCRIBE

Related Articles – Central Banking, Fiscal Policy, International, Investment Education, Sound Banking, Sound Money Project