Posted on 11/16/2010 1:38:01 PM PST by mojito
Europe’s hastily assembled bailout fund already seems to be coming apart at the seams, and that’s before Ireland has even tapped into it. Austria is refusing to contribute to the next tranche of bailout money for Greece, citing the country’s failure to meet conditions. Yesterday it emerged there is serious slippage in Greece’s deficit reduction programme.
The way things are going, the facility will fail even before its wider fault lines have been fully exposed. Europe is making things up as it goes along, and a pretty desperate job it is making of it too. The extraordinary thing to outsiders trying to analyse these events is just how poorly prepared Europe was to cope with sovereign debt crises within its midst. Indeed the no bailout clause contained in the Maastricht Treaty seemed to deny the possibility of there ever being one.
(Excerpt) Read more at blogs.telegraph.co.uk ...
>>Austria tells Greece to get stuffed (Will Austria Renege on Bailout Funds?)<<
I wonder if the rest of the US can say that to California?
I think there is only one simple and real solution to this: The workers in Greece should go on strike!
/s
It would be great to have something like this happen in our country. All taxes go to the states and then the states forward a portion to the Federal government.
Don’t like the direction the feds are taking the country? The voters of any state can decide to cut the monies sent to the feds.
They don’t want to throw good money after bad.
I can’t say that I blame them.
Perhaps Greece should just be allowed to fail.............
I imagine the Austrian taxpayers have just about had enough of this. And there are rumours of bailouts for Portugal and Ireland as well.
Maybe the “big one” will hit and kalifornia will drop off into the ocean - problem solved.
The Government workers should. That should do the trick. They will turn on their communist masters soon.
Greece is the farm team for Obamanomics.
Has not China not already offered to bailout Greece as a means of dumping US dollars into the EU as a way of disposing them?
http://article.wn.com/view/2010/10/03/China_will_help_bailout_Greece_in_spite_of_projected_housing/
Not while there are still "rich" people.
In Greece the rich are the communist elite. Coming soon to your neighborhood.
Started by an alien from Planet Utopio?
Europa? A moon. Utopio...an unknown planet. Karl Marx was an alien from Utopio. Sent to Earth to soften it up for the invasion.
Karl Rove and President Bush had a hurricane machine. Do you think the mad scientist who made it for them could be talked into making an earthquake machine? ;-)
The Chinese have indeed been buying Greek government bonds.
The Austrians are balking at providing direct loans to Greece through the European Central Bank (ECB).
Maybe a few nukes in the Nevada desert, and if we’re lucky maybe we can get harry reid to stand at ground zero.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.