PIIGS Debt Woes: Country Stock ETFs Are Also Suffering
Monday, February 8th, 2010
Gary Gordon submits:
A European country is struggling to rein in its swelling budget deficit. It chooses to sell additional treasury bonds to fund its spending needs/desires.
The European Commission doesn’t like the direction its member country is heading with that rising deficit. So the group publicly pressures the member country to act more responsibly.
