What do you think will happen to the Global economy? and how many times will Germany be a business angel. There's also Portugal and Spain who will save them and at what cost for the rest of us.
If it happens often enough it could threaten the existence of the Euro.
If countries like Greece and Spain are forced to pull out of the euro. The euro will strengthen, so countries like Germany and France will be better off?....I'm not an expert, just an observation.
It may not be a bad idea for the Global economy to really crash and burn. It may make us wise up to what a completely unsustainable way of life we are currently enjoying.
Business angel? What are you talking about? The Angel of Death maybe.
http://www.nytimes.com/2010/03/30/world … urkey.html
Spain already went to the trough for 60 billion Euros to keep their banks afloat and keep property prices up:
http://internationalpropertyinvestment. … roportions
Portugal is stone broke.
What will happen to the global economy is any one's guess - but there can only be so much money majicked from thin air before it all falls down.
The consequence of a loan at a reasonable (yet profitable) interest rate (if accompanied by sincere measure of financial restraint by Greece) would be to calm the out of control fears of the investment community and speculators.
The real question to ask is what would happen is such a loan did not come to pass
If Greece is in such bad shape, why are France and Germany still pushing to finish deals selling military equipment to them?
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