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| EU in 720B EUR bailout | |
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| Tweet Topic Started: May 10 2010, 01:30 AM (233 Views) | |
| jon-nyc | May 10 2010, 01:30 AM Post #1 |
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Cheers
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Now *that's* a bailout. http://www.ft.com/cms/s/0/f23ee996-5c02-11df-95f9-00144feab49a.html?nclick_check=1 |
| In my defense, I was left unsupervised. | |
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| Klaus | May 10 2010, 07:18 AM Post #2 |
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HOLY CARP!!!
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And there goes the independence of the ECB. Now it has become a political instrument like the FED. |
| Trifonov Fleisher Klaus Sokolov Zimmerman | |
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| Kincaid | May 10 2010, 09:16 AM Post #3 |
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HOLY CARP!!!
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Short term, I like the effect it had on the markets (and my 401K). Long term, I have no clue what's in store. |
| Kincaid - disgusted Republican Partisan since 2006. | |
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| 1hp | May 10 2010, 10:46 AM Post #4 |
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Fulla-Carp
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Why propping up a currency, and a country, should have any effect on a stock market is beyond me. Must be some kind of group experience for financial types. Does this really do anything other than make a few people happy for a short while? From AP article: Trillion dollar Euro rescue won't solve low growth Analysts warned, however, that the emergency bailout fund would do nothing to reverse Europe's soaring public debt -- and could even worsen it. "The last thing you give a drunk is another drink," said Jeremy Batstone-Carr of Charles Stanley stockbrokers. "The process of providing a bridging facility for Greece and possibly other indebted nations will add significantly to regional debt and deficit ratios without actually solving the underlying problem." The core problem is low -- or near zero -- economic growth, high unemployment and governments unwilling to take painful steps to hike competition or get people to work more and longer. |
| There are 10 kinds of people in this world, those that understand binary and................ | |
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| 1hp | May 16 2010, 03:10 PM Post #5 |
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Fulla-Carp
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Now they're considering suing US investment banks. WTF? Greek leader considers action against US banks I suppose Papandreou will blame this on Bush too. Politicians! Edited by 1hp, May 16 2010, 03:10 PM.
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| There are 10 kinds of people in this world, those that understand binary and................ | |
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| Axtremus | May 16 2010, 06:10 PM Post #6 |
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HOLY CARP!!!
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"US investment banks" designed and implemented the financial instruments that the Greek used to hang themselves. |
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4:33 PM Jul 10