Options
The Unasked Question about Greece

If bailout 2.0 passes,
will there need to be a bailout 3.0 ??
4.0?
5.0?
will there need to be a bailout 3.0 ??
4.0?
5.0?
Current maintainer of Stone's Master List of Favorite Websites // My BST transactions
0
Comments
Greece will default. Banks and bondholders will lose money. Then the process will reset so that Greece can default in another 20 years like they have always done.
Knowledge is the enemy of fear
No Way Out: Stimulus and Money Printing Are the Only Path Left
<< <i>Have bailouts and QE solved our problems? >>
yes will keep on doing that till it works
<< <i>No.
Greece will default. Banks and bondholders will lose money. Then the process will reset so that Greece can default in another 20 years like they have always done. >>
I agree. Greece defaults.
<< <i>The real worry is, will Greece be the first domino.... Cheers, RickO >>
It will be the first of many Black Swans events.
In God We Trust.... all others pay in Gold and Silver!
Since the money pit is bottomless, yes, the bailouts in Europe will continue until there is no longer a European Union. The worldwide bailout situation has become nothing short of the ultimate Ponzi: "lets borrow today and pay that off later with what we borrow tomorrow."
No Way Out: Stimulus and Money Printing Are the Only Path Left
Fred, Las Vegas, NV