May 3, 2011

The Euro vs. the United States: Debt Woes

Last summer the PIIGS – an acronym for Portugal, Ireland, Italy, Greece and Spain – were having sovereign debt issues. First we heard about Greece and Ireland, followed by Portugal and next on the block could be Italy and Spain. At the Graduate Schools of Banking, my comment was that similar debt issues and subsequent budget cuts and social upheaval that prevailed in these countries could occur in the U.S....More
Apr. 28, 2011

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