Tuesday, February 9, 2010

The Euro Problem

The GOP drumbeat as began to sound, concerning the deficit.

They are beginning to point to problems in Greece, Spain, and Ireland, as examples of high deficits causing economic demise, all while trying to link United States policy to that of these nations.

But the truth is The Great Recession, and a single currency Europe, is more likely the cause of their economic issues.

Paul Krugman has broken down the Euro problem in the last couple of days.

He talks about debt here, the euro prospective here, and the reason for the mess here.

Warning, when Fox News tries to spin the Euro problem, into an American problem, you will know better.

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