Re:Apple Could Make Money by Bailing Out Greece
by aikah on Monday May 11, 2015 @05:26PM
(#9527973)
> or other nations to take care of them
As a greek you should know that when the EU is bailing out Greece, they are bailing out European banks, not Greece. If Greece fails, the EU banks that are exposed to the Greek debt will fail too. EU will throw as much money at the problem as it needs to save EU banks, especially french , english and german banks that are over exposed to Greek debt. Because otherwise it will be the 2008 crisis x10 in Europe, and possibly the end of EU. Not that I would miss it though. But you can't have the same money without sharing risk. And if for Greece it means robbing your land and selling it, they will. There is no escape anyway, drastic measures WILL be taken, one way or the other.
As a greek you should know that when the EU is bailing out Greece, they are bailing out European banks, not Greece. If Greece fails, the EU banks that are exposed to the Greek debt will fail too. EU will throw as much money at the problem as it needs to save EU banks, especially french , english and german banks that are over exposed to Greek debt. Because otherwise it will be the 2008 crisis x10 in Europe, and possibly the end of EU. Not that I would miss it though. But you can't have the same money without sharing risk. And if for Greece it means robbing your land and selling it, they will. There is no escape anyway, drastic measures WILL be taken, one way or the other.