Wednesday, February 15, 2012

What the European Debt Crisis Means for You

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Things are bad in Europe. Anybody with access to a newspaper or the Internet has heard about the debt crisis in the Eurozone, which consists of 17 European Union member states, including Germany and France, but not including the United Kingdom and Switzerland. Things are bad. Greece totters on the edge of bankruptcy, with Italy, Spain, and Portugal lined up behind, ready to follow suit. Meanwhile, Germany and France, the two financially strongest members of the Eurozone, struggle to resolve the problem, even as they wonder, “What were we thinking?!”

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