Posted on 02/19/2012 8:04:18 PM PST by bruinbirdman
Exactly!!! Buying time by saying a deal is done, rinse and repeat. By stalling it give time for the big boy to let someone else hold the bag.
P.T. Barnum
Obama won't let all those Greek government workers suffer!
This is just plain stupid. If they bail out Greece this time it is only a matter of a few months and they will be back with their hat in their hand. Greece cannot pay off their debt. It is physically impossible, they don’t produce any thing except olives and olive oil.Their main source of income is tourism, their GDP is not big enough to service the remains of their debt. Cut them loose and let them go.
I bet a lot of Germans must be pissed off pouring more of their money down a rat hole just in order to keep some one in the life style they have become accustomed to.
literally until they have elections at which point the rest of the EU will either pray or take a more proactive roll and attempt to fix the elections.
They have cut incomes. Initially maybe some avoidance but they have cut now. Thats why their economy keeps shrinking. This is why they can’t service the debt. They never had much of an economy to begin with.
“Germany bows to global pressure and signals Greek rescue deal”
This should be a standing headline. Just run it once a week and be done with it.
About the same time we do.
Good point. IMHO, the can is already a boulder. Those involved just refuse to accept that.
A default has already been agreed-to; our leftist financial press calls it a “haircut”.
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