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S D Modiano
Lv 5
S D Modiano asked in News & EventsCurrent Events · 10 years ago

What is the root cause of the European debt crisis?

Socialist gov't overspending? Corporations? Consumers?

3 Answers

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  • Gonzo the Great
    Lv 4
    10 years ago
    Favorite Answer

    Badly managed economies

    An incompetent bureaucracy

    Greed

    Lazy Greeks and italians

  • lazybones
    Lv 7
    10 years ago

    According to Ian Hislop (Private Eye Magazine) the whole crisis was not an "act of God" but came about because of a scam involving Bernie Madoff (the man who's is prison for "robbing" +$100 billion).

    This burst the credit bubble in America, it spread across Europe- their bubbles burst too- and to Asia.

    Source(s): I read a bit
  • ?
    Lv 6
    10 years ago

    Greed springs to mind..!!

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