Have to agree with you. There's not a chance in hell
anyone is going to bail out Greece. Unlike the Fed which is
the banks sugardaddy, Germany hasn't got the same
relationship. They need to set an example for Portugal, Spain
and Italy. Remember germans do think they are the master
race. Why should they lower themselves to assist a country
like Greece. IMF will have to step in and then we have a Euro
crisis much like the Asian crisis in 1997. perhaps it would
be best to learn what happened in Asia as I feel the same thing is
going to happen in Euro.
Have to agree with you.
Oct 1987
Posted by sobrien on 25th of Feb 2010 at 06:51 pm
Have to agree with you. There's not a chance in hell anyone is going to bail out Greece. Unlike the Fed which is the banks sugardaddy, Germany hasn't got the same relationship. They need to set an example for Portugal, Spain and Italy. Remember germans do think they are the master race. Why should they lower themselves to assist a country like Greece. IMF will have to step in and then we have a Euro crisis much like the Asian crisis in 1997. perhaps it would be best to learn what happened in Asia as I feel the same thing is going to happen in Euro.
The Fed really could use
Posted by dylan398 on 26th of Feb 2010 at 07:42 am
The Fed really could use something like that to drive up demand for US Treasuries...so they could sell...