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Breaking: Swedish industrial wages to be cut by up to 20 %! | 50 comments (50 topical, editorial, 0 hidden)
Europe and the US (none / 0)
It appears to me that the vast European investment in CDOs and swaps is a limiting factor on what US officials can do with the AIG and Citibank fiasco.

Ireland alone has such a massive holding of US debt "assets" that a radical revaluation here seems like it could tip it over.

by rootless2 on Tue Mar 3rd, 2009 at 08:38:42 AM EST

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Breaking: Swedish industrial wages to be cut by up to 20 %! | 50 comments (50 topical, 0 editorial, 0 hidden)
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