Monday, November 21, 2011
Europe's Problems Are More Than Europe's Problem
I wish I could offer something positive about the events unfolding in Europe and here in the United States as it pertains to governments dealing with their debts. I am not going to pretend to know a lot about what is happening in Europe, but it is quite obvious that getting one country, Greece, to do what is right by other European countries is not so easy and may not happen. Who should get the blame for Greece's problems? The people? The politicians? Goldman Sachs and the politicians that put them in the situation they find themselves? The bigger problem is that Greece's problems are now Europe's problem, and Europe's problems are our problem in the United States because all of our economies are connected. Forget for a moment that our Congress can't agree on how to trim the deficit and reduce the debt. Europe's problems are more than Europe's problem.