On Sat, 2009-01-24 at 20:56 -0800, Joanna wrote: > Thanks for the article Louis. I have to admit that the one thing that > has surprised me in all this is how awful the situation is in Europe. > Don't know why, but I thought they were smarter than that.
UK policies are much closer to USA than continental Europe, and the article seem to equate UK with Europe. You might want to read the Anglo disease serie by Jerome Guillet here : http://www.eurotrib.com/story/2008/1/14/71320/7322 And as for Germany it had decided to play it alone and there was outcry about it, but it seems it will play with others on the fiscal side now. Not to say the crisis won't be hard in continental Europe but the safety net is there. Laurent PS: Ireland and Spain also had "finance and housing" USa like bubbles and will be hit pretty hard. _______________________________________________ pen-l mailing list [email protected] https://lists.csuchico.edu/mailman/listinfo/pen-l
