Monday, November 7, 2011
Europe's Rescue Plan
This article helps in summarizing some of the international problems that were discussed in the Economic Outlook Conference and what is going on in Europe. The summit that just happened has come up with a plan to help eliminate some of the problems going on. Some feel that this deal at best fails to solve the euro crisis; at worst it may even make it worse. As the shortcomings of each component become clear, investors’ fears will surely return, bond yields will rise and banks’ funding problems will worsen.
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This article ties in nicely to the Economic Outlook Conference, and what Ian Sheldon presented. He mentioned the Euro had a 35% chance of failing. I hope this new Euro "package" pulls through and lowers that 35%, for the rest of the worlds' sake.
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