The economy, explained, with stories and surprises. Imagine you could call up a friend and say, "Meet me at the bar and tell me what's going on with the economy." Now imagine that's actually a fun evening. That's what we're going for at <em>Planet Money</em>. People seem to like it.
August 30th, 2011
Episode 404 of 928 episodes
Europe is borrowing money to bail out countries that got in trouble by borrowing too much money.On today's Planet Money, Satyajit Das explains that European countries aren't actually putting their own money into that big euro-zone bailout fund. Instead, the fund will borrow from investors around the world — the same investors who are growing wary of lending to a bunch of countries in Europe.What's more, the fund will be guaranteed by the countries that use the euro. So the more the fund is used, the more countries that are already struggling — countries like Spain and Italy — will be on the hook for potential losses.Note: This podcast originally aired December of '10.