The Motley Fool Discussion Boards

Previous Page

Politics & Current Events / Retire Early CampFIRE


Subject:  Re: Unbelievable Date:  11/15/2012  10:31 PM
Author:  1poorguy Number:  655408 of 875666

California, Illinois, Portugal, Spain, Italy, Greece.

CA and IL are states. They have somewhat different problems. But the countries imposing harsh austerity measures are getting worse and worse. Without money flowing in their economies, they're doomed. And the austerity guarantees it won't flow. The Bush Tarp (and subsequent Obama package) are what prevented that here (however inefficiently they were executed). At least so far.

Not controlling their currency isn't helping either (which is why at least some of them are looking at abandoning the euro).
Copyright 1996-2018 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us