The Euro & Sub-Prime Lending
The Euro is the official currency of 17 countries in Europe comprising what is called the euro zone. Presently the Euro is under stress that has many similarities to the 2008 sub-prime loan meltdown in the United States. The current Euro problems may cause a similar, perhaps worse, financial setback as the sub-prime debacle did. These problems, if not solved quickly, will cause a further set back to the economy in the United States and the world. This is why the U.S. and China must help in any way we can. It is in our self interest to do so.