This video on the European Debt Crisis explains how it can infect the entire world if not handled carefully
18 European countries decided to attached themselves to the Euro and its result is in full view for all to witness.
From Portugal, Italy, Greece and Spain (PIGS) teetering on the brink of collapse and threatening the rest of the world.
To Germany and France using their credit to back up the suffering PIGS countries.
What’s important to grasp about the European Debt Crisis is how fragile this world situation can be if it is not handled with care. Just like the defaulting subprime mortgages in America caused a financial shockwave around the world, the European Debt Crisis can do the same thing.
Bloomberg Television and Jonathan Jarvis present “The European Debt Crisis Visualized.”