Greece crisis and Germany. 135 Billion Euros

Discussion in 'Economy' started by Neubarth, Apr 29, 2010.

  1. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    Greece Will Need up to 135 Billion Euros

    The Greek crisis will cost Europe more than expected. On Wednesday, German Economy Minister Rainer Brüderle said the rescue package could cost 135 billion euros over three years, and that the risks for Germany could be far greater than initially anticipated. The opposition says Chancellor Merkel is partly to blame.
    Aid Package Talks in Berlin: Greece Will Need up to 135 Billion Euros - SPIEGEL ONLINE - News - International
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
    TAXPAYERS DAMNED IF BERLIN MOVES, DAMNED IF IT DOESN'T

    Greece Crisis Threatens German State Banks

    Many in Germany are asking this week what is better: Direct aid or debt restructuring for Greece? But much of the country's exposure to Greek bonds is through banks that are state-owned, so it looks like taxpayers will get stuck with a big fat Greek bill no matter what happens.
    Taxpayers Damned If Berlin Moves, Damned If It Doesn't: Greece Crisis Threatens German State Banks - SPIEGEL ONLINE - News - International
    ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^
    THE WORLD FROM BERLIN

    German Government 'Must Stop Using Greek Crisis for Campaign Fodder'

    As the financial crisis in the euro zone worsens and the heads of the IMF and the ECB come to Berlin to persuade Germany to help Greece now, local commentators are calling for speed and decisiveness. As they see it, political jockeying before the May 9 election in North Rhine-Westphalia is no reason for German politicians to endanger the whole euro zone.
    The World From Berlin: German Government 'Must Stop Using Greek Crisis for Campaign Fodder' - SPIEGEL ONLINE - News - International
     
  2. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    What it all boils down to is the rest of Europe expects Germany to lead the way in financing the outrageous spending of socialist Greece.

    Personally, I think Angela should cut the umbilical cord to Greece and tell Spain and Portugal that they are going to be next if they do not get their shit together.
     
    Last edited: Apr 29, 2010
  3. KissMy
    Offline

    KissMy Free Breast Exam

    Joined:
    Oct 10, 2009
    Messages:
    12,062
    Thanks Received:
    2,144
    Trophy Points:
    255
    Location:
    In your head
    Ratings:
    +2,921
    The US is expected to foot a large chunk of the Greece bail-out through the IMF. This US funding will actually bail-out Europe by relieving downgrade pressures from many of the EU countries.

    When will we stop printing money?
     
  4. Neubarth
    Offline

    Neubarth At the Ballpark July 30th

    Joined:
    Nov 8, 2008
    Messages:
    3,751
    Thanks Received:
    199
    Trophy Points:
    48
    Location:
    South Pacific
    Ratings:
    +199
    Well, we are not really printing money, but we are spending it. We need to stop bankrolling the IMF. That is a political decision. Of course, we have no leadership in Washington, so everything is going to hell in a hand basket
     

Share This Page