Interesting Euroweanies. I as an American was surprised to know that Continental Europe had very limited FDIC like bank/checking account backup. The most, to my understanding was $20,000 Euros. This means that the Eurobanks were more heavily extended than American banks.
I have to agree.
Most of Western Europe and the US have been allies for a long time, and while we have policy disagreements, and we’ve certainly drifted apart since the foundation of the EU, I get tired of seeing “Euroscum, Eurotrash,” etc (with the possible exception of the French, but that’s a personal failing on my part).
Fact is, we DID get the economic kick-start wrong, and while it’s not exactly a warm-and-fuzzy feeling to be second-guessed by Europe, it doesn’t make the opinion incorrect.
I, for one, would prefer more isolationist policies and a rebirth of our manufacturing infrastructure as well as domestically producing the bulk of the resources we use.
Sticks and stones and all that...I honestly don’t care what people in Europe say about us or our policies as long as they don’t actively interfere with us domestically.
There ARE conservative Eurpoeans...Many of them visit this site. Please try to remember that conservatism, morality, and fiscal responsibility aren’t uniquely American, and that there truly are allies out there (if we don’t drive them off or convince them that we really are boorish and ignorant).
Please list by country prior to this financial the guarantee level. Thank you.