Should German pay for the PIIGS? Hell no. Watch this short video to understand why not.
http://news.bbc.co.uk/2/hi/programmes/hardtalk/9639507.stm
The European soverign debt crisis will not be resolved by summits and press releases. The world stock markets will decline greatly. Specific creditors need to lose their shirts to liquidate the bad debts of the PIIGS. That would be the free market in action. There is no free market in the world right now.
This is why I’ve mostly been out of the market since October 2008. There will be many high dividend stocks on sale in the near tearm future.
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Be seeing you!
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