Quote:
Originally Posted by Margaret Pilkington
Eric.......the Germans may bail out weaker members but the electors don't like the Greeks or any other nationality dipping into their pockets for money.
I think that even though the German economy isn't perhaps as weak as some of the other members, there will come a point when the weaker members will have a detrimental effect on the economy. Even though Germany is a stronger economy.....I am sure I read that economic growth is not going to be as strong as was first forecast.
If Greece opts for an orderly default, and those who are currently carrying Greek debt get a 50% 'haircut'....how do the germans make money on the back of something like that? I'm not being 'fly' when I ask that question.......I really don't know how it is done and would like some enlightenment.
|
When I need enlightenment, I consult my economic advisor:
Here she is ... contemplating abstruse economic theories.
