The non-plan about a "voluntary" debt cut, is gone. Wel if you have followed this blog you know this hardly can be told to be a suprise. At first If I'm having the bond I have the right to get my money back. It's up to me and the debtor to figure something out if he's not able to...
There's a saying in Germany "Gut Ding will Weile haben" it seems the english counterpart is "haste makes waste" At least a few probably have risen their head to see the light. They now tell us: "There's no Euro crisis" (which is true because) "we have a debt...
Yeah guys. the TARP money has "vanished" like snow in the sun. Nobodoy know cares or ask where it's gone. Now the EU has seen it and though by themselves. What a great thing. Money for nothing and the gigs for free... And voila now it's there the EUR TARP program. Well it's not...
from Greece is in free fall. Now it's Junk-bond status. The interest has risen to above 10%. Well Greeks the EUR is just "paper" money. So there's always the "solutio" of hyperinflation. Unfortunatly you are not alone with the EUR. So you are a bit more lucky this time, Politicians...
Even frauds, are not a reason to throw out the defrauders. So the questions about help for those breaking all rules, are answered. The politicians do not care a bit. If they steal, they name it taxes, if the do black-mailing it's helping EU partners. If it's burning money, then they all are there...