Worse Than Wall Street ‎

Worse Than Wall Street causes

‎

Europe’s cream of the crop has a simple clarification for the current economical crisis on their continent: greedy Wall Street prevaricates funds caused it. Voracious investors made wild bets on Greek debt, the argument goes, which drove up borrowing costs and made the crisis seem still not as good as than it was. That bad performance pummeled the euro. To hear EU leaders tell it, they have since fought off the barbarians with a $1 trillion bailout, saved the euro, and even ensured “peace on the continent,” as French President Nicolas Sarkozy boasted. And while Europe’s banks were just as aggressive as America’s in gambling on toxic debt, one of the biggest holders is Germany's Hypo Real Estate.

for more news about:Worse Than Wall Street ‎,The Famous Celebrities