The United States is not the only country that is having problems with the economy. In recent news, Europe is opposing $150 billion bailout to Ireland. Similar to the United States, Europe also has some resistance from its people. This resistance is not only with the Irish but also with its investors, which is Europe's main problem. It is hard to reinsure investor that the economy is stable, if the government is steadily giving money into its economy. There also speculation that investors are thinking about pulling out their large investments in companies and banks.
Ireland’s argues that its country does not need a bailout! Ireland is afraid that the bailout will downgrade its country’s ratings around the world similar to the United States. For instance in China, the United States no longer has a triple A credit rates because the US has been dumping so much money into its economy with no signs of rapid stabilization.
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