Re: Worries About Italy’s Debt Drag Down Asian Markets

[Guest guest]

It really looks like the Euro is about to fail. The way it was set up, there was no way it could work. What it did really was tamp down the good economies like Germany's, and subsidize bad policy in Greece, Spain, Ireland and others. Italy has just never been able to control its economy. Even 20 years ago they often used candy instead of change in restaurants because the small coinage was so worthless. This is why there is a movement to break off healthy Northern Italy away from unhealthy and mob ridden Southern Italy.

Europe would have been far better off with the different national currencies and tell the big bankers to shut up or be put in their place.

In a message dated 7/12/2011 1:15:17 A.M. Eastern Daylight Time, no_reply writes:

Growing nervousness about the debt crisis in Europe and the prospects for global growth continued to pummel both Asian stock markets and the euro on Tuesday as investors took refuge in what they saw as safer assets.