PIIGS countries-Portugal, Ireland,Italy,Greece,Spain- are in a hard financial situation now.Especially Greece, it's almsot a bankrupt.But in all of these countries public and private debts can not stop increasing.And this article is about possible ways how to solve this situation, it's sad to see the way strong European counties are in such a mess.Special effective ways should be found, because, for example, such an option like of printing money and escaping debt via inflation is unavailable to the PIIGS.Such an option like deflation of wages and prices is also unavailable because it will drive the real value of euro debts even higher, making them even more stable.It's hard to me to give an advice because I do not live in Europe, but I watch the situation and hope that governments of this countries will find a solution and revive their financial stability.

http://bit.ly/zSPVYH

