Monday, May 31, 2010

The European Crisis: Lightning Round....

For those of you slightly mystified by PIIGS, etc. this helpful discussion.

[via free exchange]


Anonymous said...

Nice video. And how does that relate to our present USA spending and borrowing???

John Phipps said...


You can't beat the Brits for true comic genius, but I think the clue was how instead of handing debt around in a circle like the EU, we simply sold ours to China.

Oddly being the least worst place to stash surplus savings seems to be our forte.

Not justifying here, just commenting in the same vein.

Thanks for reading.