Originally Posted by
Philipvs Vallindervs Calicvla
The Euro area is in recession, the US is recovering.
The US Dollar is also a reserve currency.
The US has viable natural resources to exploit - and a strong industrial base (not as strong as it was, admittedly).
The Euro-Area is much weaker than the US, it lacks political cohesion, economic output is depressed and falling, and it is not a reserve currency.
In other words: You're wrong, which is why everyone will by Us Bonds and nobody wants Greek ones, or Italian, Spanish, Portugese, or Irish ones much either.
Re: The continuing battle against the inevitable Euro area default
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