Total Europe? There’s No ETF for That.
May 26, 2011 at 13:35 PM EDT
For a continent with such magnificent heritage, Europe is a mess. The post-WW2 economic order is unraveling by the day. Look at what we’ve seen just in the last couple of weeks … • Greece is once again on the verge of defaulting on its national debt. • Italy had its already-tenuous credit outlook cut even lower by Standard & Poor’s. • In Spain, the ruling Socialist party was pummeled in local elections. People are not pleased with the government’s austerity measures. • Belgium’s credit outlook is now negative, according to ratings agency Fitch, as an electoral deadlock leaves the nation politically deadlocked. • Ireland and Portugal need a bailout, but first the European Union has to . . . → Read More: Total Europe? There’s No ETF for That.