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Originally Posted by 4-2-7
WTF The whole EU is in one basket, Greece France Italy Portugal Cyprus Spain. Have all been in dire straights the past few years and on the verge of total collapse bringing the whole euro down. The only reason they haven't is intervention from the Fed & IMF...
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Completely and totally wrong. Again. Where the hell do you get your "news?" The PIGS (Portugal, Ireland, Greece and Spain) were indeed economic basket cases, but were bailed out mostly by Germany, not us. Hell, their economic travails were largely the results of investing in
our trumped up derivatives. The European countries north of the Alps are anything but economic basket cases. We should be so lucky to have an economy like Germany's. They were the world's leading exporter until China caught them a couple of years ago and their exports are "high-value-added" products. The German education and health care systems, not to mention their manufacturing prowess, are far ahead of ours.