Greece is just a "pass-through vehicle". This is in fact another
bank bailout. (As a sidebar, it's got to be some kind of comment on
the delusional world we're now living in that taxpayers in the
other PIIGS are amongst those who are going to be contributing to
this bailout of,
inter alia, French and German banks. Will Greek taxpayers
- if any can be found - get to participate in a future EU bailout
of, say, Portugal or Spain??)
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Greece is just a "pass-through
Freaking...
Posted by steveh on 3rd of May 2010 at 04:38 am
Greece is just a "pass-through vehicle". This is in fact another bank bailout. (As a sidebar, it's got to be some kind of comment on the delusional world we're now living in that taxpayers in the other PIIGS are amongst those who are going to be contributing to this bailout of, inter alia, French and German banks. Will Greek taxpayers - if any can be found - get to participate in a future EU bailout of, say, Portugal or Spain??)