I realize that the situation in Europe can be very confusing. Aside from the fact that we’re dealing with over 20 different countries all with their own respective economies and debt issues, we
As noted earlier in yesterday’s article, the entire European banking and corporate system is over-burdened with debt. Germany sports a real Debt to GDP of over 200% (this from the former
As I noted previous articles, Spain has essentially three options: 1) Spain goes the “Greek route” of agreeing to austerity measures in exchange for bailouts (which will implode the economy).