Greece on the Verge of Bankruptcy

[Mr.Consistent]

There is an interesting interview with Jim Rogers , he is worth listening to when it comes to perspectives on global economics.
http://www.allthingsjimrogers.com/2009/03/04/jim-rogers-interview/

 

[makloda]

Quote from luckyluciano:

Why can't the EU monetize their debt and the U.S.A. can?

Because the ECB is run by the German Bundesbank: http://www.telegraph.co.uk/finance/...lamb-to-satisfy-German-inflation-demands.html

 

[Debaser82]

Quote from luckyluciano:

Why can't the EU monetize their debt and the U.S.A. can?

It is forbidden by the Maastricht Treaty.


http://en.wikipedia.org/wiki/Treaty_on_European_Union

 

[ASusilovic]

Quote from makloda:

Because the ECB is run by the German Bundesbank: http://www.telegraph.co.uk/finance/...lamb-to-satisfy-German-inflation-demands.html

In short time EU nations will have a second thought about the benefits of the European "Union". Maybe it´s better to have some advantages a la UK...