Guardian: Reports that Germany has given up the idea that Banks be forced to be part of any bailout of Greece, the plan was opposed by France. The idea by Germany that banks should be forced to give money to Greece was indeed a way to take the Euro over a cliff. The banks of Germany and France hold the majority of Greek debt, any more that these banks could go over the cliff. Lets be honest folks any loan is a bad idea, its good money thrown in to the sewer, any bailout will have a short term effect and move the problem down the road. What happens when the 2nd Greek bailout fails, how much more money will it take before politicians see the truth, Greece needs to either leave the Euro or get kicked out, then start afresh. Why cant politicians say the got it wrong about the Euro.
No comments:
Post a Comment