ProfJorge Entrep
As a former credit officer in a small savings and loan association, I could not help but ask the following question on the debt problem in Europe.
l. Why were the debt allowed to accumulate that high? Was there a study of capacity of pay?
2. Were there no red flags for failure?
3. Are there competent financial managers/officers in the countries? Or are there strict reviews?
4. There is according to Germany, that the 600 billion euros is enough. What if despite this rescue fund defaults still occur?
5. At the G20 Mexico conference it was decided that Europe must first help their comrades before Japan and other countries can help. What if the Europeans are helpless to do so?
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