EU comes to Greece's rescue

**Scary** · 11 February 2010, 12:12

Who's next, Portugal (another small one)?

**DimPrawn** · 11 February 2010, 12:14

Dig deep folks.

http://news.bbc.co.uk/1/hi/uk/8219344.stm

And that was in 2009.

Still, some increased taxes on the working populace should cover it.

Enjoy.

**OwlHoot** · 11 February 2010, 12:32

Bloody spoilsports - Trust the Germans to want to take over!

And it's a massive "moral hazard". If the Greeks are baled out, what message does that send to other quasi-commie EU countries with a bloated public sector?

**doodab** · 11 February 2010, 12:37

Originally posted by OwlHoot View Post

And it's a massive "moral hazard". If the Greeks are baled out, what message does that send to other quasi-commie EU countries with a bloated public sector?

That we are going to be OK?

**Churchill** · 11 February 2010, 12:38

Originally posted by OwlHoot View Post

Bloody spoilsports - Trust the Germans to want to take over!

And it's a massive "moral hazard". If the Greeks are baled out, what message does that send to other corrupt quasi-commie EU countries with a bloated public sector?

FTFY!

**Andy2** · 11 February 2010, 12:49

Originally posted by OwlHoot View Post

And it's a massive "moral hazard". If the Greeks are baled out, what message does that send to other quasi-commie EU countries with a bloated public sector?

Spend spend spend until you are bailed out
Thats the mantra

**BoredBloke** · 11 February 2010, 12:49

is this going to send the euro up or down?

**Andy2** · 11 February 2010, 12:53

Originally posted by DimPrawn View Post

Dig deep folks.

http://news.bbc.co.uk/1/hi/uk/8219344.stm

And that was in 2009.

Still, some increased taxes on the working populace should cover it.

Enjoy.

why do we pay so much to EU
do they think we are mugs

**chef** · 11 February 2010, 12:53

my guess down because they now have a new unknown level of bad debt on their hands that they've committed to bail out

EU comes to Greece's rescue