Is the European Bailout of Greece the Real Fix?

  1. MojoDawg profile image61
    MojoDawgposted 13 years ago

    Is the European Bailout of Greece the Real Fix?

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  2. mrmichael8 profile image60
    mrmichael8posted 13 years ago

    It is not, this falls under the category of the industry bailouts in America, or as in the 70's Britain with industrial subsidies. It is merely pushing the inevitable away for a little bit longer, whereas the Greek people themselves are basically being pushed over the edge to meet the demands of this "bailout" and are taking to the streets to protest it, and their government over the "bailout"

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  3. Lions Den Media profile image60
    Lions Den Mediaposted 13 years ago

    No, I've written a hub on this issue and this "solution" is no solution at all. In fact the current bailout of Greece is the second and most likely there will be a third and fourth required, simply to keep the country from imploding. The Greeks have failed to implement most of the austerity measures. However, the Greeks are not going to go quietly into that good night, because the austerity measures are being designed and enforced by the Germans. And most of Europe have some long standing historical issues regarding submitting to the rule of Germany.

    This most recent bailout is therefore no solution and essentially is a gimick to buy time and promote market stability. But as with all illusions there comes a time when the illusion is exposed for what it is.

    You can look at this bailout as a pyramid scheme, and as all similar schemes (social security) eventually they collapse.

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