Eurobonds- the Greek and French idea to end the crisis

Discussion in 'Economy' started by EdwardBaiamonte, May 24, 2012.

  1. EdwardBaiamonte
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    EdwardBaiamonte Gold Member

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    The idea is to consolidate debt in Europe so all countries share it equally, and then issue bonds against it backed by all of Europe.

    The country that was most responsible and Republican, Germany, and practiced austerity and so has little debt of course does not want this while the countries that were liberal prolifigates running up huge debts of course do want it so Germany will, in effect, pay off their debts.

    In this country we have an even more immoral version. Liberals want to pay their welfare entitlement debts off by legally obligating their children and grand children to pay them off.
     

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