The Residential Real Estate Crash Index Message Board

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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: James Hutton who wrote (294026)	11/28/2010 9:22:40 AM
From: Giordano Bruno	Read Replies (1) of 306849

Angela Merkel lobbies for bondholders to share pain of EU bailouts Ireland's economy, for instance, has already shrunk by around 15% and could drop by 20% or 25% before it begins to recover. Under the new plan it could negotiate a similar cut in the value of its loans, reducing its deficit burden and monthly interest bill. Some economists have defended Merkel's stance, with Harvard University Professor Kenneth Rogoff saying she's "basically on the right side of the debate". guardian.co.uk If they don't shift some responsibility off the workers it will never be fixed.

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