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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?


To: KyrosL who wrote (29486)2/14/2008 10:23:30 PM
From: TobagoJack  Read Replies (1) | Respond to of 217544
 
the greek state is going bankrupt, and
the burden will fall on the electorates
it will have to either beg out of eu, or
become serfs of germany
it is just math
relative gdp has little to do with the equation



To: KyrosL who wrote (29486)2/17/2008 12:21:37 PM
From: elmatador  Respond to of 217544
 
2 European banks nationalized: Northern Rock and IKB.

Northern Rock to Be Nationalized By U.K.http://www.bloomberg.com/apps/news?pid=20601102&sid=ak7ihPj0e160&refer=uk

KfW development bank raise its IKB stake to 50% - effectively nationalizing the subprime-hit lender - because private-sector investors are unwilling to back a new capital raising.

Let's count this as the second nationalization of a bank.

Going like that pretty soon there won't be money to subsidize agriculture.