Greece bailed again
http://www.bbc.co.uk/news/world-europe-17109044
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Nick |
Someone is out 107 BILLION $
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It's a Catch-22; thankful when you're the debtor, upset when you're the creditor. Nick |
Greeks are starting to get their money out of Greek banks and Britain is bracing for a $1,000,000,000,000 (yes, trillion) in losses if/when Greece pulls out of the Euro with that possibly being the first domino in the total collapse of the Eurozone.
Story here. |
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Greece voted and the pro-bailout faction won meaning Greece, as of right now, will remain in the Eurozone.
But things are still not well in Greece... Story here. |
With Greece accepting the bailout and the Eurozone still intact ... many global economists begin to note that Germany is in an almost no win situation...damned if they stay in the Eurozone and damned if they don't...making German bonds very unattractive in the financial world which, naturally, effects their economy.
Story here. |
http://www.cbc.ca/news/world/story/2...austerity.html
things are escalating. people unhappy. how long until this peaks, and then what? |
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