US and Euro markets: Failing together?
Willingness by leaders in both regions to offer bailouts is hindering growth.
Britain's Chancellor of the Exchequer George Osborne, left, talks to U.S. Treasury Secretary Timothy Geithner in London on May 26. Geithner was in London to discuss the European debt crisis with British officials. Bank, business and government bailouts have hindered growth in both regions.
Suzanne Plunkett/AP Photo
Stockholm, Sweden – Whether the world economy is fully globalized or not is a matter of debate, but it’s easier to say there’s a strong… stitched together… connection between US and European markets. Lately, it’s driven by the willingness of leaders in both regions to bailout failing banks, businesses, governments, and almost any other entity that would probably be better off going bust and clearing a path for future growth.
Maybe the US sneezed and the Europeans got sick, or the other way around… but, regardless of the order, this Frankenstein disease has spread far and wide.
This walking undead cartoon is from Tom Toles of The Washington Post.
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