By — Elizabeth Shell Elizabeth Shell Leave your feedback Share Copy URL https://www.pbs.org/newshour/economy/million-dollar-questions-whos Email Facebook Twitter LinkedIn Pinterest Tumblr Share on Facebook Share on Twitter Million Dollar Questions: Who’s Bailing Who Out? Economy Dec 1, 2010 11:17 AM EDT I’m OK, EuroK? Maybe not. Here’s an Australian parody video of what you might call “EuroK thinking.” It’s making the rounds in Europe at the moment. (The link was sent by a friend in Spain.) The punchline: If everyone in Europe owes everyone else in Europe money that can’t be repaid, how can “Europe” be in a position to bail “Europe” out? A more memorable exchange from the video: BRYAN DAWE: Why are people selling the European currency and buying the US dollar? JOHN CLARKE: Because the US economy is so much stronger than the European economy. BRYAN DAWE: Correct. Why is that Roger? JOHN CLARKE: Because it’s owned by China. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now By — Elizabeth Shell Elizabeth Shell
I’m OK, EuroK? Maybe not. Here’s an Australian parody video of what you might call “EuroK thinking.” It’s making the rounds in Europe at the moment. (The link was sent by a friend in Spain.) The punchline: If everyone in Europe owes everyone else in Europe money that can’t be repaid, how can “Europe” be in a position to bail “Europe” out? A more memorable exchange from the video: BRYAN DAWE: Why are people selling the European currency and buying the US dollar? JOHN CLARKE: Because the US economy is so much stronger than the European economy. BRYAN DAWE: Correct. Why is that Roger? JOHN CLARKE: Because it’s owned by China. We're not going anywhere. Stand up for truly independent, trusted news that you can count on! Donate now