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Politics : The Obama - Clinton Disaster -- Ignore unavailable to you. Want to Upgrade?

To: Wayners who wrote (31556)6/11/2010 11:34:15 AM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 103300
 
Re: "They should default."

They will (eventually), watch.

Perhaps in one to three years.

All the EU bailout did was provide enough breathing room so that the other at-risk nations (Ireland, Portugal, Spain, Italy) from the "PIIGS" acronym could get their houses in order... so the contagion could be stopped.

Greece in and of itself is not as big a deal.



To: Wayners who wrote (31556)6/11/2010 1:07:49 PM
From: DuckTapeSunroof  Read Replies (1) | Respond to of 103300
 
Japan's national debt clocks in at 218% of GNP now....


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