Quote:
Originally Posted by Skybird
Frightening, and worse a finding than I would have expected. That modern economies live by extremely unhealthy and destructive images of man's "ideal" behavior", I already assumed.
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Oh, I believe it as of the news today. Once more Greece is to be saved, to save the banks.
http://www.telegraph.co.uk/finance/f...-prepared.html
We're talking about 2 trillion euro here. They're going to try to "ringfence" off Portgual, Ireland, and Greece and try to keep contagion (heck, unstoppable zombie virus more like it rather than mere "contagion") from destroying them all. And this includes trying to save Spain and Italy, which they are deeming Too Big To Fail countries. So of the PIIGS, they're going to let P, G, and the little I go belly up, but save S and the bigger I. Lot's of luck, there.
So, conjuring up more money from nowhere to paper over losses in the money that was already conjured up from nowhere. This could get ugly.