Welcome to the new version of European Tribune. It's just a new layout, so everything should work as before - please report bugs here.
Display:
But of course that is not the problem of the creditor. Money is fungible. If Ireland borrowed x billion in 2008 or 2009, it used y billion for it's normal spending and z billion for the banks. But they didn't told me - the fictional bond buyer - about that. They just sold me a bond.

If you say "banks!" I will say "my credit paid for the unenmployed!"

by IM on Fri Feb 4th, 2011 at 09:05:01 AM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

The 2nd Migrant Wave to Germany

by DoDo - Sep 1
27 comments

The UK Left and Brexit

by car05 - Aug 27
10 comments

Brutish, Nasty, Prolonged

by john_evans - Aug 18
26 comments

Periphery, migration & decline

by Metatone - Aug 14
24 comments

1930s in social media

by DoDo - Aug 11
91 comments

It's "Whose Economy, Stupid?"

by Helen - Aug 3
38 comments

Recent Diaries

Occasional Series