So, It is politically impossible for the strong economies of Europe to pass a bailout, it is politically impossible for Greece policy makers to pass sufficient budget cuts, if budget cuts are implemented then it will just push Greece further into debt deflation, a default by Greece will cause a run on the European banking system, the ECB has no legal authority to purchase Greece’s bonds, if Greece gets bailed out the EU will need to confront similar problems with Spain, Italy, Ireland, and Portugal which have a combined GDP larger than Germany, and if they all get bailed out Germany itself will be bankrupt. Did we say the markets hate uncertainty? Euro Crisis
Am a typical leo .... ambitious, courageous, dominant, strong willed, positive, independent ....add to the above list a sense of humor and a little quick wittedness .....love people who are by my side .....hate ppl who stab behind the back.....nothing will stop me until i get to the top....
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So, It is politically impossible for the strong economies of Europe to pass a bailout, it is politically impossible for Greece policy makers to pass sufficient budget cuts, if budget cuts are implemented then it will just push Greece further into debt deflation, a default by Greece will cause a run on the European banking system, the ECB has no legal authority to purchase Greece’s bonds, if Greece gets bailed out the EU will need to confront similar problems with Spain, Italy, Ireland, and Portugal which have a combined GDP larger than Germany, and if they all get bailed out Germany itself will be bankrupt. Did we say the markets hate uncertainty?
Euro Crisis
LOL !
But nothing can beat the Semester horoscope !
@Ramya: yeah was going through archives yesterday. those were the golden days :)
hey moved to http://blog.kausikram.net update book marks :)kau
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