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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Tenchusatsu who wrote (568791)	5/29/2010 12:14:32 PM
From: combjelly	Read Replies (2) \| Respond to of 1578942

"No one, other than the Greek authorities, can enforce austerity upon the Greeks." Huh? Do you honestly think the only way to enforce something like that is with riot police? You can't be that badly informed. The reality is that Greece has run out of ways to cover their deficit. They need an infusion of cash or they will have to default. Germany and other countries are offering loans money. However, they are making austerity measures part of the package. No changes, no money. "They have the power to tank the Euro, despite Greece being one of the smaller nations in the Euro group." Not directly. What they have done is call into question the ability of the EU as currently constituted to actually work. That is what is tanking the Euro, the uncertainty.