Credit-default swaps on sovereign bonds surged to a record on speculation Europe’s debt crisis is worsening after Hungary said it’s in a “very grave situation” because a previous government lied about the economy.The problem is that the Euro was set up with unrealistic conditions, and people who joined were encouraged to lie.
04 June 2010
Another Domino Tips
And now we have Hungary experiencing debt problems:
Labels:
Corruption
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Currency
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Europe
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Finance
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