Anyone wondering why the European debt crisis is on the verge of sinking the global economy, it’s because there isn’t any matter too inconsequential for it not to be regulated by the cadre of Eurobureaucrats. Understanding that the sovereign debt crisis is primarily about the debt of individual countries, such as Greece, Portugal, Italy, etc. it goes a long way toward explaining why there is a debt crisis in the first place. The cradle-to-grave care lavished by Eurozone nations onto its citizens and the bureaucracies responsible for these programs is the reason there is a sovereign debt crisis.
