04 June 2010

Another Domino Tips

And now we have Hungary experiencing debt problems:
Credit-default swaps on sovereign bonds surged to a record on speculation Europe’s debt crisis is worsening after Hungary said it’s in a “very grave situation” because a previous government lied about the economy.
The problem is that the Euro was set up with unrealistic conditions, and people who joined were encouraged to lie.

0 comments :

Post a Comment