"the greatest long-term threat to America’s national security: its debt." -- the chairman of the Joint Chiefs of Staff, Adm. Michael Mullen
A country in ever greater hock to the Chinese, unable to invest in its schools, vulnerable to creditors pulling the plug, will not resist decline in the 21st century.
European Debt Crisis - graphics
Related topics:
Prisoner's Dilemma
moral hazard
Euro
banking crisis
foreign currency debt rating
European Banking Industry
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