I figured that we would end up doing it when it first became a problem.
Some things never change.
Why is the US now going to bail out Greece?
- Thread starter noob_trad3r
- Start date
I figured that we would end up doing it when it first became a problem.
Some things never change.
M
morganist
Quote from Misthos:
Relax, people.
It's just paper and computer digits that are being pissed away.
It's not like anyone is using gold to bail someone else out.
Did you get my paper.
Why is the US now going to bail out Greece?
For the same reason we keep bailing everyone and everything else out. In the short term, not bailing out Greece could lead to a domino effect of sovereign debt default in numerous countries and global depression. Then all of the government leaders would get voted out of office and lose power. A few more hundred billion dollars may keep the ship floating long enough for all of the government leaders to make it through the next election cycle. They prefer to let a future generation of government leaders worry about the long-term problem of paying off the debt.
For the same reason we keep bailing everyone and everything else out. In the short term, not bailing out Greece could lead to a domino effect of sovereign debt default in numerous countries and global depression. Then all of the government leaders would get voted out of office and lose power. A few more hundred billion dollars may keep the ship floating long enough for all of the government leaders to make it through the next election cycle. They prefer to let a future generation of government leaders worry about the long-term problem of paying off the debt.
The head of the central bank said they "would consider a loan to Greece if approached" on Bloomberg terminal.
Just think of the political points it would score Russia to bail out a eurozone state and I'm sure there would be lots of side agreements like - oh could we have a Russain air base there seeing as you can't pay us back? lol
Besides it would be like borrowing off the mafia - polonium tea anyone?
Quote from Dogfish:
- polonium tea anyone?
LOL it's like you are damned if you do
and damned if you don't