Germany and France decide to throw more taxpayers money down the Greek black hole

[DodgyAgent]

What have you got for me?

Dont ask!

[minestrone]

Remember what happened the last time Europe fecked up the German economy.

[milanbenes]

Remember what happened the last time Europe fecked up the German economy.

and that is the point of the single currency so that no one nation can have their currency fecked

and hence that is why, the euro will not fail

the theater we are watching is purely to draw out drama and give the speculators opportunities on the dips and rises

it will all come right in the end, once everybody has made their profit

Milan.

[Old Greg]

and that is the point of the single currency so that no one nation can have their currency fecked

and hence that is why, the euro will not fail

the theater we are watching is purely to draw out drama and give the speculators opportunities on the dips and rises

it will all come right in the end, once everybody has made their profit

Milan.

Instead they have their economies fecked by being unable to control interest rates and money supply.

[sasguru]

and that is the point of the single currency so that no one nation can have their currency fecked

and hence that is why, the euro will not fail

the theater we are watching is purely to draw out drama and give the speculators opportunities on the dips and rises

it will all come right in the end, once everybody has made their profit

Milan.

Even by CUK standards you're a thick bastard.

[EternalOptimist]

I'm a bit dumb when it comes to economics but can someone explain the difference between Greece going under in the Eurozone, and California going bankrupt in the USA (which they nearly did , I believe)

are the two situations comparable ?

[milanbenes]

Sas

you're simply bitter because you missed out on the au

Milan.

[DimPrawn]

and that is the point of the single currency so that no one nation can have their currency fecked

and hence that is why, the euro will not fail

the theater we are watching is purely to draw out drama and give the speculators opportunities on the dips and rises

it will all come right in the end, once everybody has made their profit

Milan.

[Old Greg]

I'm a bit dumb when it comes to economics but can someone explain the difference between Greece going under in the Eurozone, and California going bankrupt in the USA (which they nearly did , I believe)

are the two situations comparable ?

California is not a sovereign state so can go bankrupt. Greece is a sovereign state so instead of going bankrupt, they can legislate to make the debts go away (which won't do their credit rating much good).

[scooterscot]

What is different about this decision than the one the UK government took to throw billions at failed UK banks? This was a massive transfer of debt to tax payers and you took it lying down. Of course you're mad. It'll pass after a good cup of tea.

The UK is a proud entrepreneur generating state, a strong history of wonderful engineering achievements. I find it astonishing that the wealth generated from this industry for the country over the centuries was dwarfed in 12 months of bailing out failed banks.

While to gloat at the problems of euro land our own problems are far from over, our debt continues to increase.