Today there was another reminder of just how fragile the world’s economy remains.
The budget deficits of Greece, Portugal and Spain — nations that use the Euro — exceed 8 percent of GDP and thus could impact the economic fortunes of countries far from Southern Europe.
These governments risk defaulting on their debts, as they fail to cut government spending significantly.
When countries get themselves in economic trouble, should the rest of the world bail them out?
Tell us what you think in the comments section below. Please be respectful and on-point. Malicious or offensive comments will be deleted, and repeat offenders will be banned.