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They're actually saving the bankers...
I like our finance minister but I do not understand why he keeps lobbying for paying Greeces debts and welfare, It's not our fkn' problem that the Greeks are lazy.
The strong countries like my own and Germany is shipping in boatloads of money to weak countries like Greece.
We're doing fine But imo we should let Greece fall, especially as we're not even in the €-currency.
For all i care banks that misbehave can take their falls and be gone, and countries who misbehave like Greece and Italy are no different. If they stop electing clowns for officials, and stop being so damned corrupt they'd be fine.
But instead they have shorter work-days lower retirement age, hardly any taxes etc, what do they expect is gonna happen? Of course they fall.
The largest problem in Europe is that nobody follows the rules. There are rules set out to prevent this, but the Union was so hasty in expanding that exception after exception was made for different countries to the point where nobody has to follow rules anymore.
And it works fine worth strong countries like Germany, Denmark, Sweden, Finland and so on, but we can't afford always paying up for the inadequacies of countries like Greece.
And Greece itself is a small country that can be handled and contained, the real problem comes if Italys long misbehavior finally bursts, because their economy is to large for the rest of us to chip in all the cash it would take.
If countries who didn't follow the rules were thrown out instead of givven more and more time until they fell totally overboard we wouldn't sit here sending our surplus to countries like Greece.
After you explain why heavily deregulated America is on it's deathbed.
Hehehehe....indeed.
Funny thing is, Germany and Scandinavia, both highly regulated are doing much better than the USA. The problems in S. Europe have more to do with a culture of corruption and tax dodging than regulation.
Europe isn't a country, it's a continent made up of several sovereign countries, each with different languages, cultures and customs.
Enter the Zone of:
Me, conservative American patriot know squat about Europe, but me big mouth always flappping in breeze how bad everything in Europe is.
Investors began to fear the worst for the euro after unusually weak demand at an auction for bonds from Germany, the region’s largest economy. One analyst went so far as to put the currency on a “death watch.”
Germany sold just 60 percent of the 6 billion euros in 10-year bunds it brought to auction, about the weakest demand seen for the country’s debt in the currency’s 16-year history, economists said. The rejection of debt from Europe’s safe harbor marks a new stage for the crisis.
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