Saturday, November 19, 2011

In the European debt crisis, where is all the money coming from?

How can broke economies lend money to other broke economies who haven't got any money because they can't pay back the money the broke economy lent to the other broke economy and shouldn't have lent it to them in the first place because the broke economy can't pay back?|||good point|||They will be getting it from Germany. That is why the Germans are pissed that they have to pay for the other country's problems. Germany is the only reason why the Euro hasn't failed, and with this bailout Germany very may well fail because of the economic stain that it will put on it. It is the banks fault, and they are only making the banks pay 50% of it, they should have to pay all of it. Also Greece has to bring its debt to 120% GDP by 2020, but there is no plan to do it. It is stupid. All of the countries should have followed Germany in to 90s-00s. That is why they have such a strong economy, because they didn't spend those years building houses and giving crappy mortgage to them, and then giving the crappy mortgage to people, who couldn't pay them off. This bailout will not teach Greece anything. They haven't even raised taxes to increase revenue, they have just been cutting spending with is in no way working, which proves that the Republicans are wrong that cutting spending is good. It is completely stupid how people cannot see the obvious.|||Printing presses and debt forgiveness.|||its nuts , and if you are watching bond yields ... it aint fixed

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