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Politics : Politics for Pros- moderated
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To: D. Long who wrote (361781)4/28/2010 8:26:03 PM
From: LindyBill  Read Replies (1) of 793881
 
now sovereign debt bubble is about to pop.

The EU is arranging for the IMF to bail out Greece. If they do it, their voters will turn out the Gov. 90% don't want to give Greece a penny. But the German banks will go under if the bonds go bad. So it's bail out the State, or bail out their banks.

It's our money in the IMF that will bail out Greece. That saves Greece, Germany and the EU. When it goes bad, and it will, we eat it. Nice deal for the EU.
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