NPR's Planet Money has a fascinating take on how bad things are in Europe.
According to its analysis, companies like Budweiser, produced by Anheuser-Busch, and Wal-Mart, Microsoft and Verizon, are seen as more reliable at paying back their loans than Greece and Spain, the world's 12th biggest economy. At 6.29 percent, Spain's interest rate is higher than the one for Microsoft (4.83 percent), Wal-Mart (5.16 percent), Verizon (5.49 percent), and the maker of Bud Light (5.5 percent).
Greece is regarded as an even bigger risk. With an interest rate of 10.79 per cent, Greece is regarded as twice as big a risk as the big corporations.
Keep in mind too that those interest rates for Spain and Greece would be a lot higher if there was no EU to bail them out.
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