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Greek bailout offer~

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  • BigEBigE Posts: 6,949 ✭✭✭
    I wonder how long Greece can hang on, they keep saying a decision must be made in a couple of days. The repo man is going to come and take the country backimage---------BigE
    I'm glad I am a Tree
  • derrybderryb Posts: 36,795 ✭✭✭✭✭
    If Greece were going to be bailed out, it would already have happened. All the other parties are bluffing and it looks like they are about to be called on it. Remember, Greece cannot print it's own money. They only way it can do that is to pull out of the the EU. Keep your eyes on Portugal, Italy and Spain, they are next. Germany will probably realize the detrimental affect all of this will have on the EU and eventually change it's mind on helping out.

    The only other hope Greece has for a bailout is from the IMF. Anyone who has studied IMF "rescues" knows that they come with a lot of strings attached that eventually ruin the free market that they affect. IMF appears to just be a front for the world's largest corporations who seek ownership of a country's resources and labor. With IMF help, they eventually get what they want.

    "Interest rates, the price of money, are the most important market. And, perversely, they’re the market that’s most manipulated by the Fed." - Doug Casey

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