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You know, I guess it is ok to try to get something for nothing as long as you can get away with it. I this case, I think they might have shot themselves in the foot.
I know you meant it as a joke, but no it is not ok. That attititude (how can I screw the other guy and not get caught) is endemic in Anglo-Saxon economic culture. They took over the world, killed the Native Americans, sold snake oil and jalopies to the settlers, fleeced us in the markets, etc. English / Germanic culture is very industrious and creative, but that element of shameless corruption and deceitful self-interest that is glorified by the Republicans goes against everything that is decent. It is a criminal mindset. You can't keep stealing from your own neighbors and expect things to end well. In a part of the world with old grudges, it is especially bad.
Sounds like the Greeks have exactly the same attitude, though perhaps more extreme, coupled with less competence, and well....
I know you meant it as a joke, but no it is not ok. That attititude (how can I screw the other guy and not get caught) is endemic in Anglo-Saxon economic culture. They took over the world, killed the Native Americans, sold snake oil and jalopies to the settlers, fleeced us in the markets, etc. English / Germanic culture is very industrious and creative, but that element of shameless corruption and deceitful self-interest that is glorified by the Republicans goes against everything that is decent. It is a criminal mindset. You can't keep stealing from your own neighbors and expect things to end well. In a part of the world with old grudges, it is especially bad.
Sounds like the Greeks have exactly the same attitude, though perhaps more extreme, coupled with less competence, and well....
The greeks have a different approach. They are daring others to let them go down and they say "fine, don't cure us and you'll catch the same disease". Like i said, they should never have been allowed to join.
If it has nothing to do with the deal then why was part of that deal handing 200 billion away??
UK decision had nothing to do with the bailout money. I know you want it to be about the money but that was not the reason UK gave. They gave another reason.
Quote:
However, there was no agreement on boosting the eurozone's own bailout funds, meant to rescue countries having trouble refinancing their debts. In their statement, the currency union's leaders put it off until March to decide whether their rescue funds need to be able to provide more than euro500 billion in help to struggling countries.
Way to go. Distance your country from a group to which more than half of your trade is with.
The PM is trying to appease the UK Eurosceptics, and I am sure he suddeeded in the appeasement, but I think the move fails in common sense policy making.
Way to go. Distance your country from a group to which more than half of your trade is with.
The problem is that the Eurozone (17 countries) have serious issues which they are trying to make the problem of all EU members (27 countries).
The real solution is for Germany, who has been the principal beneficiary of the Euro, to step up and take a leadership role. The Germans want all the benefits of the Euro but none of the costs. That is why they are trying to foist the 'solution' on everyone else. Logically, the Eurozone needs fiscal unity and a proper central bank. But the Germans don't want that either. They just want other countries to stump up cash to get them out of this specific problem.
The other problem is a thinly disguised attack on London's role as Europe's principal financial center by Frankfurt - aided and abetted by Merkel and Sarkozy - who would like to take over that role.
Cameron is between a rock and a hard place here. Neither solution (a new treaty or a veto) is great for British interests. So he had to choose the least bad solution.
Kudos to the UK for not wanting to subsidize the socialist spending of some of the EU countries......
For the umteenth time, the disagreement was not about bailout money, but balanced budget proposal and other austerity measures.
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