Sky-high debt debacle

THE EU/IMF axis has put together an emergency fund of €700bn to lend to Portugal, Ireland, Greece and Spain, collectively know as “the PIGS”.

Tue, 31 May, 2011 - 01:00
Letters

Apparently, the best way to cure indebtedness is to borrow even more money.

Yet the USA has a budget deficit of $14 trillion dollars and nobody is worried.

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