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Economy

Bigmack

(8,020 posts) Mon Dec 12, 2011, 02:56 PM Dec 2011

OK... non Econ major here.... [View all]

Some of you Econ brainiacs .. please explain about the causes of the Eurozone crisis. Was it the social spending..? or the Euro-banks investments..? or the effects of the Gulf Stream?

Keep it simple, please.

I know that if they go... we go... and we may go anyway. I'm just trying to get my head around how Europe could go from OK to Shitsvile so fast.

13 replies

= new reply since forum marked as read

Highlight:

OK... non Econ major here.... [View all] Bigmack Dec 2011 OP

Read "Boomerang" by Michael Lewis. SheilaT Dec 2011 #1

Bad decisions and fraud and continued bad decisions and more fraud mrdmk Dec 2011 #2

I posted this the other day, found it a good overview. dixiegrrrrl Dec 2011 #3

Thanks... found this after I posted. Working at reading it now. nt Bigmack Dec 2011 #8

ABC Radio National in Australia had a great radio show on this CatholicEdHead Dec 2011 #4

There is a difference between the Eurozone and European Union mrdmk Dec 2011 #5

Someone just posted a GREAT article about this in SMW..let me go find it! PassingFair Dec 2011 #6

Yep. Ghost Dog Dec 2011 #9

This, the one below re: trade surplus EU countries encouraging the indebtedness.. girl gone mad Dec 2011 #12

If countries are in debt was it too much spending or not enough taxes? dkf Dec 2011 #7

The Greeks got into the EU by lying about their debt. Then they used the fact they applegrove Dec 2011 #10

There's a very simple, clear account of what happened here: Ghost Dog Dec 2011 #11

the real cause is the euro itself rdking647 Dec 2011 #13