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Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: JayPC who wrote (16832)	5/2/2010 8:29:55 PM
From: ahhaha	Respond to of 24758

from the article: They need to understand that stemming Greece’s debt crisis is less an act of charity than of self-interest. However unfair it seems—and the frugal Germans are as furious about the profligate Greeks as the rest of the world was about bankers—a bail-out is justifiable on the same logic: doing nothing would cost them even more. This reasoning is intrinsically flawed. It's equivalent to, "we can't cut taxes because it would worsen the budget deficit". It's equivalent to, "we have a depression on our doorstep so we must spend fictitious money to avoid it". How smart can it be to throw good money after bad? History has shown it's completely stupid.

To: JayPC who wrote (16832)	5/7/2010 7:54:09 AM
From: Elsewhere	Read Replies (1) \| Respond to of 24758

Loved the cover on this weeks Economist. economist.com Curious to know Jochen's take. Funny how the Economist puts the blame on Germany: "The chief culprit is Germany." The real mess is the euro. Differences between national policies and characters will continue to create tensions. With the lack of national currency moves as a mechanism to relieve the pressure of different economic developments the tensions are bound to build up and create major crises repeatedly, just like continental drift results in occasional earth quakes.