Western European Banks Vulnerable to Ukrainian Sovereign Debt Crisis

James Henry: European banks in countries like Germany and Austria have a vested interest in a stable Ukraine because of trillions in outstanding debt



American taxpayers will be bailing out Ukraine, Pres. Obama has authorized a trillion dollar budget deal a significant portion of our totaled deficit; and now you'll also be paying $1billion for actions outside our borders beyond our hemisphere. Why couldn't we allocate that to a free healthcare system, or to education and student loan amnesty? The EU which suffers austerity in Portugal, Ireland, Greece, and Spain will now be allocating 11 billion Euros ($15 billion) to the unelected Kiev govt.