Europe rejects U.S., IMF recommendations on debt crisis, stirring doubts about plan

[dtan1e]

600 billion is really not much given recent years inflated currencies, its sort of like the market cap of hsbc + g.s. + perhaps another mid or small size bank max? thats hardly worth squat!!

 

[denner]

Quote from Random.Capital:

The reason the US wants this - needs this - is because the US sovereign debt issue is untenable. The way out of the trap is to do everything possible to make sure everyone else (that matters) is as fiscally screwed up as "we" are.

That's a part of it. The other part is the contagion that nobody wants to talk about, as if we left all of that behind in 2008.

 

[sme]

Quote from denner:

That's a part of it. The other part is the contagion that nobody wants to talk about, as if we left all of that behind in 2008.

Iceland looking pretty smart.