To Bail or Not to Bail Greece Out (merged)

[Oberon]

[Oberon]

Originally Posted by yubba

Socalism has two classes Haves' and Havenots' and, some want that crap here in the states, well maybe not in Wisconsin.

Wolverines!!

[Respenus]

Originally Posted by Vendor

Having the Euro, is a good option for countries with relatively poor economy, when other countries pay their loans and welfare indirectly, that is, those who are with, the Union.

Not touching the other part of the comment, countries with rich and powerful economies also benefit greatly from the common currency. It is not without its problems, mind you, and the centralised rate policy can be more damaging than not, but Germany for example has only grown richer because of the Euro. A more stronger German Mark would hurt their exports, as well as being a good reserve currency which adds additional problems of its own.

I should also like to note that as of right now, no country in the Eurozone has paid a single cent to the countries that were bailed-out and can even expect a profit from the venture. That is, if said countries don't default. I'll leave the rest for Skybird to shoot down.

[frau kaleun]

Originally Posted by Oberon

WHERE'S YOUR MOSES NOW?

[Gerald]

Some countries have actually paid the money, such as UK, Sweden to take any concrete.

[yubba]

Originally Posted by Oberon

Wolverines!!

Yeah buddy, WOLVERINES

[yubba]

Originally Posted by frau kaleun

WHERE'S YOUR MOSES NOW?

Right here.....

[Jimbuna]

I wish I could understand some of those posts

[Jimbuna]

LOL

[Gerald]

EU commissioners have a "profound sense of foreboding" about Greece and the future of the eurozone, a leaked account of a meeting has suggested.

The account, seen by BBC News, said this was in reaction to the "damning failure" of eurozone ministers to agree a new bail-out for Greece last night.

It was written by an official who attended Wednesday's gathering of commissioners in Brussels.

The author warned that the markets would now "smell blood".

The European Commission said it would not comment "on anonymous interpretations of meetings".

The document said that the planned second Greek financial rescue package on top of last year's 110bn-euro (£161bn; £98bn) bail-out would dominate the forthcoming European Council meetings next week.

It added that any default on Greek government debt - as espoused by Germany - would leave the Greek banks insolvent and "threaten the viability of the ECB [European Central Bank] itself" which owns 49bn euros of Greek bonds.

http://www.bbc.co.uk/news/business-13781390


Note: Update Record, 15 June 2011 Last updated at 15:48 GMT

[yubba]

or over there, oh wait that's me [trust me I'll have you home by the crack of noon]

[Onkel Neal]

Originally Posted by yubba

Our nutty government is considering bailing Greece out when we are broke. I say let them swirl in their own red ink, and it will educate all these fiscal boneheads, what's about too happen. Socialism is a greek tragedy, it's great until you run out of other peoples money.

Yeah, which nutty govt, we're not psychic, you know.

[yubba]

Originally Posted by Neal Stevens

Yeah, which nutty govt, we're not psychic, you know.

So sorry, the United Socalist of America, you must have checked your crystal ball at the door, my bad.

[joea]

Originally Posted by yubba

So sorry, the United Socalist of America, you must have checked your crystal ball at the door, my bad.

Why would the US care? They are not part of the EU£'

Oh and source please?

[yubba]

Originally Posted by yubba

Why, yes we can bail you out, let me find my crayon and I'll write you a check.
.

Because we care and we can always print more money