Been hearing bit and pieces about this and now apparently they may end up getting $40 billion from the IMF as well as a massive bailout package from the European Union. Curious what peoples thoughts are on this?
Not really sure what I think about it to be honest, though it seems like it could be a sign of more problems to come throughout Europe as (i believe) they are starting to stagnant and with the amount of countries with high debt it will be hard to "Grow out of it." Though not much of a background in these types of things xD.
Worse part seemed that the speculation is that Spain, Portugal, and i think, Italy may be the next major debt crisis. So (to give some direction) when do you think a country has too much debt, what countries do you feel need to cut their debt, and how can they achieve it? (also can say what your country should do if you wish)
(Hopefully this is the right place, seemed like the area politics should be posted in)