A funny look at Euro Area debt and who will pay

[Tsing Tao]

<iframe width="560" height="315" src="http://www.youtube.com/embed/NOzR3UAyXao" frameborder="0" allowfullscreen></iframe>

LOL!

 

[nutmeg]

What language is that? :eek:

 

[Tsing Tao]

That, my dear nutmeg, is the Queen's English.

 

[morganist]

It's Australian.

 

[Martinghoul]

Roger's definitely an Ozzie. Not sure about the other two.

 

[Tsing Tao]

I thought the broadcaster who cut to the clip was English. Either way, it's a funny video!

Hey, I've got an idea, let's focus on the tie the one guy was wearing. That's more interesting content!

 

[morganist]

I read a paper about debt cancellation across the EU a while back at the Cobden centre. The idea was that if country A owed country B £1 and country B owed country A £1 they could cancel some of the debt out. I don't think it would work but they seemed to think it would.

 

[morganist]

Here is that article. I don't think it will work.

http://www.cobdencentre.org/2011/05/how-much-eu-debt-can-be-written-off-through-cross-cancellation/

 

[nutmeg]

Quote from Tsing Tao:

Hey, I've got an idea, let's focus on the tie the one guy was wearing. That's more interesting content!

Nice shoes.

 

[nutmeg]

Quote from morganist:

debt cancellation .

The correct term is "jubilee".

Or as we say in the states. "Ob-La-Di, Ob-La-Da"