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Euro debt crisis
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TOPIC: Euro debt crisis

Euro debt crisis 5 years, 5 months ago #487

  • poojad
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  • Posts: 130
  • Karma: 4
Can europe come out of debt crisis....

Re: Euro debt crisis 5 years, 5 months ago #489

europe is reeling under debt. Greece is on the verge of bankruptcy while others like portugal, italy, spain also under debt problems. Greece has already been given bailout once. It remains to be seen how new IMF chief handles this situation. It will take sometime for europe to come out of mess..

Re: Euro debt crisis 5 years, 5 months ago #491

I think Greece is reaping what they have sown, they enjoyed easy debt for a very long time...now they are unable to pay....somebody will provide bail out package and things will continue. They need to understand the root cause...why did they enjoyed easy debt for such long period of time, why its rating was not lowered when they had already taken so much of debt..

Re: Euro debt crisis 5 years, 4 months ago #498

  • mansin
  • Expert
  • Posts: 97
  • Karma: 3
i think the rating agencies are to be blamed. These rating agencies do not have any credibility left. We have seen how many AAA rated banks doomed during the global crisis and now seeing how these AAA countries of europe are about to default.....
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