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?
by ThunderKeys 6 years ago
Is there anyone reading who can explain the global economic crisis simply and objectively in just a few paragraphs? When I try to find information to understand what's going on with the Euro and with the US economy, there is so much biased nonsense. Everything from unhelpful off-topic political...
by CMHypno 6 years ago
With anti-German feeling already high on the streets of Greece, is there trouble ahead? Should Greece cut free of the EU, return to the drachma, devalue and become more competitive? Is this 'one size fits all' economic policy based on what works for Germany even possible for all the...
by RighterOne 5 years ago
How do you expect the Fiscal Crisis of the Euro to end?And do you think that the US and China are doomed to follow the same fate?
by CMHypno 6 years ago
Austerity, people committing suicide, 25% unemployment in some parts of the Eurozone, yet these vast sums can always be found to bail out banks? If this kind of money is available, why not inject it directly into local areas to create jobs and stimulate...
by Jimbo'daNimbo 6 years ago
Here the story:http://www.theblaze.com/stories/it-begi … -well-off/Apparently no Socialist will understand that you cannot tax a nation into prosperity. We are having that same problem in the U.S.Why do you suppose France thinks this will now work where it failed before?
by Kathryn L Hill 2 years ago
Causes, Effects, When and How to get ready ... Better yet, how to Prevent? Just Wondering
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