Question by : Two things about U.S. avoiding situation like Ireland, Greece, and UK as mentioned by Rebublican Ryan?
The Republican response to the President’s address by Paul Ryan from Wisconsin mentioned that we might be going the same way as Greece, Ireland, and UK. I have seen the students’ protests in at least two of those countries mentioned and I’ve heard about tax problems in Greece and Ireland asking help from other European nations. My questions are: What really happened to these three nations? And, what exactly would happen to U.S., as presaged by Congressman Ryan?

Best answer:

Answer by Guru Hank
The UK hasn’t got the problems that countries in the Eurozone have. We were careful not to get roped in to it.

It is difficult to see how the circumstances which have caused problems for the Irish and Spanish could apply to the US. Their problems started as a result of losing control over their interest rates.

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