Will the EU end up bailing out Greece after all, and if so what affect might this have on the EU overall going forward?
We usually to bail the world and its mother out. It's only when we need to help ourselves there is no money, so yes I am sure the UK in any case will help out Greece. Whether the EU will, don't know. It will probably highlight the divisions that exist within the EU anyway.
I seem to recall some provisions in the EU against just this sort of a bailout (not sure about that though) but if Greece really tanks that might have some very negative consequences for the EU in general and for the Euro. With Spain, Portugual, Ireland, etc. lining up next it could really spell trouble.
But I'm far from there and wonder what those in the middle of it all are experiencing
Bail out is not going to work. EU has plenty of their own debt to worry about. Greece falls, then Spain, then...
The SYSTEM of debt is broken around the world. Central Banks enslave the masses. And their Ponzi Scheme is reaching the breaking point.
There will be no bailout. At some point you have to fix the problem. And you can do it now or wait for it to collapse under it's own weight.
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