Before tackling how and why the EuroZone’s well being is linked to Spain, some quick background is necessary. The EuroZone became such when the nation states decided after World War II that adopting a single currency for the region would be best. This was legislated in 1992 with the parameters that each nation had to adopt the Euro and drop its respective currency.… [Read more]
“The borrower is servant to the lender.”
~ The Bible, Poverbs 22:7
We’ve talked often at BNV about debt in its many forms – both personal and governmental. The fact that most nations have debt obligations is not news. The U.S.’ debt to China has been a point of political contention that continues to stoke the flames of partisanship and incite fervent Congressional battles.… [Read more]
