Daily Doom

[scooterscot]

I did change my mind recently about hearing of Britain bailing out Ireland and Portugal. So long as our debt costs less than we charge for theirs, we're effectively a bank in a strong position.

This is the spin I was reading in the local Deutsche paper. The strongest economies here know it's to their benefit for the PIGS to recover, even if they default the state shall always survive and they'll look to those who helped them in the their darkest hour.