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They are just numbers on a screen......
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The Greeks have a point, though.
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Germany could counter offer and accept. Solely on the condition that Greece hands over land and sovereignty of Crete...It would be 1941 all over again.
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Ireland could pull off the same trick with their 6 billion loan from the UK.
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Yeah that 3.26bn was soooooo generous at only 5.8% interest. They had to trim it to 3.5 following the Eurozone agreement to reduce the rates Ireland, Greece and Portugal pay on their European Union-led bail-outs. And they call pay day loans obscene.
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Spot on btf.
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They're borrowing more money so they can pay the interest on the money they borrowed earlier so they don't default on their payments.
Mmmm! I think I see a flaw in the logic ... I don't think it can go on like this. |
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Ze Germans are running a Ponzi scheme or is it the Greeks? Or is it Europe? America?
The whole financial system is one giant ponzi, Charlie will be having a chuckle to himself, oh hang on his name is given to the scheme but in reality it's been going on for centuries ![]() |