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National leaders and EU officials share fears that a second bank bail-out in Europe will raise government borrowing at a time when investors - particularly those who lend money to European governments - have growing doubts over the ability of countries such as Spain, Greece, Portugal, Ireland, Italy and Britain to pay it back.
Originally posted by boaby_phet
reply to post by Desolate Cancer
its a fair point.. but also, just as fair a point is that europe is made of many individual countries with their own banking systems, america is just one country !
europe is a continent which is connected through trade , usa is a country. so this comparrision is flawed.
Plus all this banks are linked together, just because in the US they are called US banking institutions that is far from the truth the big banks are mostly owned by foreigners. So actually bailing out the "banks" be European or the "US" it means bailing out the foreign groups that had lost their wealth in bad deals.