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Pan American Metals of Miami says Euro Zone Debt Pales Compared to that of the US
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Published by
donald hood
Pan American Metals of Miami says Euro Zone Debt Pales Compared to that of the US
(1888PressRelease) US debt dwarfs that of European nations.
(1888PressRelease) MIAMI, FL - Attention has been focused squarely on Europe for some time...
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Pan American Metals of Miami says Euro Zone Debt Pales Compared to that of the US
(1888PressRelease) US debt dwarfs that of European nations.
(1888PressRelease) MIAMI, FL - Attention has been focused squarely on Europe for some time now, with first
Greece, then Italy taking the spotlight and two prime ministers being brought down by untenable debt loads.
In fact,
virtually every country in the European Union is spending in excess of its revenues; in other words, like all too many
people, living beyond its means and relying on credit to pay its bills.
The crises in Europe have captured the media s
attention and have clearly affected the markets, driving investors to seek safe havens for their money as they lose faith
in the euro, and other paper currencies.
Yet the debt load in Europe pales into insignificance when compared to that of
the United States.
It is not so long ago that the financial markets were on edge for fear that the US might default on its foreign debt and
the crisi
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