This is not meant to be an excuse for the Greek economic irresponsibilty, this is what happens when you spend money but don't collect taxes, but it's not the Greek people who should suffer.
2/19/2012
ANOTHER BANK BAILOUT
This is not meant to be an excuse for the Greek economic irresponsibilty, this is what happens when you spend money but don't collect taxes, but it's not the Greek people who should suffer.
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All true and it is so sad. And, while German banks may indeed supply a bulk of Greece's economic dependence, US banks are heavily invested in Greece as well as with other countries in the Eurozone.
Our pleasures are directly tied to their success and if Greece and other countries stumble, then the fragile rebirth of our economy will likewise suffer.
Regardless of previous wars or even future wars, the "real" battlefield is waged in global broadrooms, including those Mahogany ones that we have here in the US.
China also has investments in German banks so they stand (or sit) to lose as well.
But, what is pleasant to my ears is hear is that despite the faltering of the Greek economy and the financial invasion of Greece by Germany, the IMF will no longer seriously consider changing the international currency of trade from the US dollar to the Euro dollar... which, in and of itself, is quite a blessing for Americans.
So, let the global financial games begin...
"it's not the Greek people who should suffer." But its always the people who suffer for the poor decisions their governments make.
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