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Could the U.S. Get Dragged into Greek’s Mess?

The answer to that question is it may very well happen. 

A Business Man’s POV

At this point in time Greece appears to have two options: One being to go bankrupt, and two being to get bailed out. However this grim situation appears to be a lose lose for countries in the euro-zone.  If Greece’s neighboring countries do decide to help bail them out, then they also get stuck with having to cough up a huge sum of money. If they don’t, then Greece would most likely have to stop using the Euro to gain the ability to print their own money which will then force them to inflate themselves out of debt!

http://crisisboom.files.wordpress.com/2011/04/euro-down.jpg?w=358&h=256

A Politician’s POV

What simply needs to be done from this outlook is a repeat of how Wall Street got bailed out in 2008: A European TARP (Trouble Asset Relief Program).  Essentially what this means is that the European Union is going to have to assume the debt of Greece and take control of its finances.  This means that tax rises and spending cuts will not only occur in Greece, but all over Europe too in order to cover the debt!

In my opinion, if a decision isn’t made quickly as to how the problem is going to be dealt with in Greece and essentially all over Europe, then the U.S. is going to have no choice but to get involved and pour even more capital into the very daunting situation.

 

Article Used: http://www.cnn.com/2011/10/03/opinion/frum-europe-high-stakes/index.html?hpt=hp_c1

 

 

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