The Kash Life Finance Blog

European Debts Rising and Governments Powerless to Prevent It

All the talk right now is of the economy in the Eurozone. Greece is in huge debt, and has had to be bailed out by other members of the Eurozone, notably Germany. European debts are causing the stock markets to nosedive as investors lose confidence in the ability of the European governments to resolve the debt crisis. The problem is not just in Greece of course. Others such as Spain, Portugal and Ireland are badly in debt, as the recession hits hard following the collapse of the banking systems in 2008. Now even those countries not in the Eurozone are being dragged under.