Saturday, November 19, 2011

What is the root cause of the European debt crisis?

Socialist gov't overspending? Corporations? Consumers?|||Badly managed economies


An incompetent bureaucracy


Greed


Lazy Greeks and italians|||According to Ian Hislop (Private Eye Magazine) the whole crisis was not an "act of God" but came about because of a scam involving Bernie Madoff (the man who's is prison for "robbing" +$100 billion).


This burst the credit bubble in America, it spread across Europe- their bubbles burst too- and to Asia.|||Greed springs to mind..!!

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