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:
This is how I understand this , maybe I am wrong and shallow :(
They are buying time (with EU tax payers money to bail out those that have no chance) to get their money out of those dangerous areas and movie it somewhere (for now) safe (mostly Asia).
And who cares if Greece will be bankrupt with 100 or 400 (even better) billion of debt (then not to them - bandit bankers and " investors" but to tax payers)."Privatisation" ah glorious privatisation is on the way and "no alternative"...right...Greece is already sold, it's just a matter of paper work...They can BUY Greece for peanuts with this inflation money that never existed in a first place...My head is spinning...Sad, sad story. Classic case of Pyramid scheme...The last one standing with their red hands will be European tax payers paying with their rights and services achieved in last 100 years and now being lost...


Science without religion is lame, religion without science is blind...Albert Einstein
by vbo on Wed Jun 15th, 2011 at 10:11:32 PM EST
No, that's not wrong and shallow, that's exactly how currency crises unfold. After the Asian Crisis, in 1998 Russia borrowed heavily from the IMF in order to blow the loan defending the Rouble-s exchange rate for a couple of weeks to give time to the oligarchs to get their assets out of the country.

Economics is politics by other means
by Migeru (migeru at eurotrib dot com) on Thu Jun 16th, 2011 at 01:59:14 AM EST
[ Parent ]

Display:

Occasional Series

24 July 2014
by dvx - Jul 23
59 comments