Quote:
Originally Posted by Ethersync
Well, in all fairness Europe has mostly pointed the finger at the US saying they are the cause of this mess. The US did not make Western European banks become so overleveraged. It's even funnier to hear it come from the Brits since the US Federal Reserve (and ultimately the US tax payer) has been discreetlyt bailing out the Bank of England since last year (Dollar swap lines).
There is apparently over 16 trillion pounds of bad debt in the EU and most of the populace does not think the problem is anywhere near that big. People are going to be in for a surprise. It is not going to be pretty...
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Well the good thing i sthen that it is always every country for it self. So a when one is going done other are not, like in the states it all together and every one is fucked. Here we are not affected is spain was to go down for exsample. export and import would get a big hit but never that big that we the people would suffer. So i guess thats why we in the netherlands do not yet have heard that we are in that much trouble. O curse its every day on the news and banks are having trouble people are losing their jobs but its not yet on a massie scale. still they say its the worse there has been in many years. BUt worse then the states. They have a debt they will never pay back. If they would do that other countries might find themself with money left. But then again i am no expert. We will see what happends.