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Don't know enough about the Slovak case, but, yeah, I agree with Mig.  The bailout had nothing to do with propping up Greece and everything to do with Merkel bailing out Frankfurt and blaming it entirely on the stupid Greeks.

Spain doesn't seem interested in lying down and taking it like Greece though.

Be nice to America. Or we'll bring democracy to your country.

by Drew J Jones (pedobear@pennstatefootball.com) on Sun Jun 20th, 2010 at 09:37:10 AM EST
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They probably know Sarko won't let that happen. French banks even more exposed than German ones down there. They just love real estate.

Oops!

The Hun is always either at your throat or at your feet. Winston Churchill

by r------ on Sun Jun 20th, 2010 at 09:49:07 AM EST
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The whole thing is a bit surprising to me.  I'd heard for a few years that European banks were in a bad way, but I didn't know the extent of it.

Be nice to America. Or we'll bring democracy to your country.
by Drew J Jones (pedobear@pennstatefootball.com) on Sun Jun 20th, 2010 at 10:08:47 AM EST
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The bailout was Sarko's idea, and Merkel was brought along after all the others, so the politicians are more clueless than that.

*Lunatic*, n.
One whose delusions are out of fashion.
by DoDo on Sun Jun 20th, 2010 at 12:17:32 PM EST
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