Euro Crisis  (en - es)  615 views ūüĒó Partner's channel Symbol Ed  Title's translation La Crisis del Euro  Text's author Alex Prager  Plus  Duration 00:06:21 views on each page 1 273 2 172 3 171   Please Use Chrome!

It is est√° clear claro now Ahora to para all todos that que the crisis la crisis that que started se inici√≥ a few hace unos years ago a√Īos is est√° here aqu√≠ to para stay quedarse and y it hangs se cierne over sobre most western occidentales European europeos countries pa√≠ses like como a una dark oscura cloud nube leaving dejando a un trail rastro of devastation de devastaci√≥n to de local economies econom√≠as locales as como the devastation la devastaci√≥n left dejada in a en un corn ma√≠z field campo by a por un locust langostas. swarm. enjambre The question La pregunta is: es: Was it ¬ŅFue the U. S los EE. UU. the origin el origen of de it all? todo esto? As many Como muchos of you de ustedes may know, saben, the banks, los bancos, investment companies compa√Ī√≠as de inversi√≥n and even e incluso some of the algunos de los pension related funds fondos de pensiones relacionados depend dependen on the ability de la capacidad of investing de inversi√≥n bodies organismos to create para crear a un constant constante growth crecimiento of profits de las ganancias. Stability Estabilidad in terms en t√©rminos of de cash fondos flow flujo was considered se considera almost casi as an como una unacceptable inaceptable. situation. situaci√≥n Some algunos years a√Īos, ago Hace the los American estadounidenses, banks, bancos in order con el fin to increase de aumentar their capital, su capital, they started comenzaron to facilitate a facilitar loans pr√©stamos as never como nunca previously. antes. People La gente used utiliz√≥ the loans los pr√©stamos mainly principalmente to purchase para comprar houses, casas, a dream un sue√Īo hard dif√≠cil to achieve de alcanzar previously previamente and now y ahora almost casi simple simple due to debido a those loans, los pr√©stamos, this este ‚Äúeasy f√°cil". money‚ÄĚ. "dinero The huge La enorme demand demanda for houses de viviendas caused hizo the prices los precios of these de √©stas to go se fueran sky high. a las nubes. Since Dado the prices los precios of houses de las casas were estaban far above por encima their su real real, value, valor this esto created cre√≥ a una ‚Äúbubble‚ÄĚ "burbuja", and y as como we all know, todos sabemos, these bubbles de burbujas destinies el destino is es to burst reventar sooner temprano. or o latter. tarde The crush La aglomeraci√≥n came se produjo when cuando those multitudes las multitudes that took que tomaron the loans los pr√©stamos found themselves se vieron unable incapaces to return them. de devolverlos. Banks bancos found se encontraron they have que tienen a great un gran deficit d√©ficit due debido to the a los risky riesgosos loans pr√©stamos they so que tan generously generosamente provided otorgaron and even e incluso foreclosing el embargo many houses de muchas casas did not help no ayuda because porque the prices los precios offered ofrecidos now ahora for the por las houses casas were eran considerably considerablemente lower m√°s bajos than what que lo que was paid se pag√≥ for them por ellos initially. inicialmente. To make Para things cosas, worse, empeorar the banks los bancos were fueron tied atados to a insurance seguros agreements contratos that para guaranty them garantizarlos in case en caso of loses de perdidas due to debido a risky riesgosos loans pr√©stamos and now y ahora some of the algunas de las major principales global globales insurance seguros companies compa√Ī√≠as were dragged se encontraron into dentro the mess del caos created creado by por irresponsible irresponsables. loans pr√©stamos policy. pol√≠tica In the aftermath A ra√≠z of de this crisis, esta crisis, the direct la directa intervention intervenci√≥n of the government del gobierno was needed era necesaria to save para salvar some of a algunos the leading los principales banks bancos of America, de Estados Unidos, something algo that was que era potentially potencialmente catastrophic, catastr√≥fico, perhaps quiz√° even incluso worst peor than the que el stock market burs√°til crash desmoronamiento from de 1929. 1929. Since Dado banks bancos are today est√°n hoy tied atados in many de muchas ways maneras with con other otros banks, bancos, through a trav√©s loans, pr√©stamos, investments, inversiones, stocks acciones and agreements y acuerdos it was era obvious obvio that que a crisis una crisis of such de esta magnitude magnitud will have tendr√° some alg√ļn effect efecto outside fuera the U. S de los EE. UU. and the y las ripple ondas will be se felt sentir√°n all around en todo the globe. el mundo. This was Esto fue what lo que eventually finalmente brought trajo the la euro euro crisis crisis to surface a la superficie, but pero the question la cuesti√≥n is es was ¬Ņfue the American estadounidense bubble burbuja the sole el √ļnico responsible responsable for creating de la creaci√≥n the situation la situaci√≥n or o was it fue just s√≥lo the trigger el detonante to expose para exponer a dubious una dudosa conduct conducta of some de algunos European europeos governments gobiernos during durante decades? d√©cadas?