how is our race to the bottom doing? Greece is on it's way to yet another default. If my calculations are right (see: http://fdominicus.blogspot.de/2012/05/ist-blodheit-ansteckend.html) then Spain has to get new debt of 33 ¢ for every Euro they spend. New debts (officiall numbers) around 34 billions...
Posted to
F Dominicus Blog
by
Friedrich Dominicus
on
Wed, May 30 2012
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Filed under: allmightyness, liability, "political solutions", liar, wishful thinking, back to the dark ages, don't believe, alternatives, "helping" Greece., "great nation", race to the bottom, does it get better
As expected and wished for Hollande has won. The good thing having a socialist is that we're faster through it all. That's all there is to write. France will now try to get the EZB printing more money, financing programs for the unemployment and whatever. The result will be as one can expect...