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The European Debt Crisis Visualized | Zero Hedge

The European Debt Crisis Visualized | Zero Hedge.

At the heart of the European debt crisis is the euro, the currency that ties together 17 countries in an intimate manner. So when one country teeters on the brink of financial collapse, the entire continent is at risk. The following excellent mini-documentary visually explains how such a flawed system came to be… and what’s next?

Why You Shouldn’t Trust Europe In One Simple Chart | Zero Hedge

Why You Shouldn’t Trust Europe In One Simple Chart | Zero Hedge.

While China (or Russia) are held up as the world’s most corrupt among developed nations among the status-quo-huggers, it would seem there are two other nations that dominate when it comes to getting caught. Europe paid more in fines  (in fact double the US and 10 times China) for price-fixing, bid-rigging, and other anti-trust abuses in 2013.

 

So why would we believe them that ‘recovery’ is right around the corner?

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