German Economy At Risk For Rescuing Neighbors | WAMU 88.5 - American University Radio
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German Economy At Risk For Rescuing Neighbors

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The financial situation in Europe quickly deteriorated on several fronts this week. Spain's borrowing costs are soaring and several regions of the country are on the verge of asking the central government for a bailout. Spain is also trying to prevent a collapse in its stock market by banning short selling. At the same time, the continent's strongest economy, Germany, was put on a negative outlook by Moody's because of the huge costs it would absorb rescuing its weaker European neighbors.
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