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What caused this messy debt crisis in Europe? Who are the major actors and what are their actions? This funny cartoon video provides a fast explanation of the current situation with funny examples.

The two year long crisis has many similarities with what happened on the other side of the Atlantic not so long ago. The crisis is already at the shores of France, and as this video suggests, also Germany, the core of the core, cannot remain immune for too long.

I tend to disagree with the last line of the video, but all in all, it’s really great. Here is is:

For more on the euro, see the EUR/USD Forecast.

The last episode of the crisis is in Italy: Silvio Berlusconi was forced to resign, and a technocrat government by Mario Monti will probably replace him, and try to lead Italy to financial stability. Berlusconi’s final departure isn’t certain, and also Italian financial stability is far from certain…
Thanks to Ed Harrison for sharing.

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