U.S. ready to help Europe with debt crisis

#2
#2
Obama is going to teach the Europeans the proper method of closing your eyes, plugging your ears, and yelling "THERE IS NO DEBT CRISIS!"
 
#4
#4
Questions:

Are we going to help because the interdepency is so great that a collapse or severe weakening of Europe's financial system will cause enough difficulty for us here that it's worth us helping them? Or are we doing it because the Wall Street crowd here thinks that at least their own salaries and bonuses will take a huge hit if the European banks and European investments go down and they've put the pressure on our government to step in?
 
#5
#5
I'm of the opinion we just let it all fail. I'll still be able to provide for my family and life will go on. Those who can't...well...sucks for you
 
#6
#6
lawgator1 said:
Or are we doing it because the Wall Street crowd here thinks that at least their own salaries and bonuses will take a huge hit if the European banks and European investments go down and they've put the pressure on our government to step in?
Click to expand...

Most US financial institutions would prefer that France and Germany get out and save themselves. US investment in the Eurozone is highly concentrated in those two countries. If they get out, the cut will still be deep, but it won't be as deep.
 
#8
#8
When the Euro fails (this act of propping up a house of cards with more cards is just delaying the inevitable), will the result be hyper-inflation across the Eurozone and the U.S.?
 
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