European's are in deep doo-doo

[golfguru]

The Greeks & Italians & the Spaniards & the Portuguese can not print Euro's with abandon. Only countries with their own currency can do that, USA & UK can do that. So can China & India & Russia & Brazil.

The PIIGS governments are bloated and have spent money they do not have by issuing "sovereign bonds". Now their debts are higher than their economies can sustain.

The only 2 solutions possible for the PIIGS are 1) default on the debt and revert back to their own currency so that they can print with abandon or 2) Install gut wrenching austerity so that their richer Euro partners can bail them out. You better believe the richer partners are not in a philanthropic mood. Their voters will throw the rascals out if they sell out their own tax payers.

There is no 3rd solution. Which path will they take?

[Vincardog]

1. 3rd option tell the Banksters to FO like Sweden did

[golfguru]

2. Could you tell us more how Sweden did it?

I do not know off-hand if Sweden ever had or has Euro as their currency.

[PoliticAverse]

3. Sweden hasn't adopted the Euro yet...

http://en.wikipedia.org/wiki/Sweden_and_the_euro