You have probably noticed that things are pretty rocky in the financial world these days…
It is so rocky in fact, we at USDemocrazy would love to take a long vacation from all this nonsense. But we have learned from our Economics correspondant that if our escape plans include Europe, we better think again. It seems we Americans have done a fine job exporting our crisis THERE (much to the European’s annoyance).
These days things are not so different for people in Paris, Bonn and London as they are in New York, Los Angeles and Baltimore. It seems all those foreign folks are more like the US than we ever thought…
First, everyone in Europe from bankers to consumers have panicked (just like we did).
The European Union’s central bank ( their equivilent of our Federal Reserve Bank) has cut interest rates (just like in we did) hoping (just like we did) to kickstart their economies.
This kickstart didn’t start (just like for us). So now our European friends are thinking about food ( we never Stop thinking about food)… they are cooking up some stimulus pies (just like we did, only their cooking is normally tastier). Germany, France and other nations are now hoping their pies will feed and nourish their economies.
Basically, it seems that we and our friends across the water are in the same financial boat. Fixing this globalized mess means we all sink and swim together (if only we had more pairs of water wings!).
Image courtesy of the BBC.
