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"
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.
by sannyasinman7 years ago
Apparently, all of the billions of Euros just transferred to Greece to ease its "crisis" will go directly to the banksters to cover outstanding interest payments, and will do nothing whatsoever for the country...
by DeviousOne6 years ago
Is it worth funding the Greece bail out packages to an economy which looks to be only heading furtheIt seems to me that the crisis in Greece doesn't seem to be improving and it certainly didn't develop overnight....
by Dave McClure7 years ago
The International Monetary Fund (IMF) has come to the rescue of Greece. Really? The IMF 'gives' Greece bail-out money (at interest, and with strings attached). The bail-out goes to the Financial Institutions. So they're...
by rizrazi2 years ago
I came to know that the Rape as a Crime is highest in USA, Here i would like to know the views of peoples .. WHY???
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