Americans, why do you guys blame Europeans for our crisis when IN FACT you caused the 2008 crisis?

Americans, why do you hate blame the Europeans on our crisis so much when your crisis begins in 2008?


Recently Obama is asking for a EU debt deal. if Europe is collapsing, then United States has fallen down already. Don't forget that U.S. crisis in 2008 started the mess all around the world and so in Europe. So you Americans caused all this and you should be praying for our support, because when we turn to Russia or China, you'll stay alone. At last I don't really get why are you talking about sending money to Europe, you should send some money you own them to China.





But hopefully we should trade our euros from dollars to Chinese currency because the U.S. is going to fall anyways.|||The crisis where I live started in January of 2009, has has steadily gotten worse.|||not quite sure where you are when you say 'our crisis'. are you European or American?





Europe has no crisis that a reduction in wages and pensions paid out by its governments wouldn't fix. Some of the reductions would have to be severe. Well, that's fair because some of the people receiving them have gotten big percentages more than they were worth for years or decades.





Except that Germany decides to pay, you aren't going to save your banks. That's because your governments' usual source of borrowing is the banks but the reason the banks are in trouble is the poor quality of the government debts.





What you maybe could do, if you're willing, is to wipe out the current bank shareholders and non-deposit debts and then sell the remaining hulks to outside parties, who will provide new management and new policies [including no further lending to governments]. Finding some external party with 200 billion euros to do that will be very difficult -- the bargaining is going to become political and the terms will be onerous indeed.





in fact, the terms might well be exactly the government policy changes [wage and pension reductions] you're avoiding.





now, American foolishness in financing their houses didn't cause excess spending by European governments. Nor did it cause European banks to lend excessive amounts into their own property markets, cause a properties bubble over there, or the resulting losses. Your own banks and governments made those foolish choices and you're going to end up eating crow to pay for them.





[example: the proportion of vacant homes in Spain is higher than the similar proportion in America. And the proportion in Ireland is higher than that. There are similar property bubbles in many of the 'lesser' European countries -- too much credit was chasing too few homes. This will come crashing down to earth and the losses will be horrendous -- and on top of the losses on European government debt.]