Tuesday, June 1, 2010

Now I understand

Continuing economics…

http://www.youtube.com/watch?v=5D0VhS8qXT0

Posted by Quotefish at 12:41
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1 comment:

  1. Dan LewisJune 2, 2010 at 7:43 AM

    Okay, so now if the PIIGS were to start with cancelling out each others debts, dollar for dollar (oops! euro for euro), what woudl that do to the debt load? I'm sure it won't erase it, but just saying "take it off my bill" would certainly clear u the picture a little bit.

    Personally, I'd hate to see France, Germany the UK or any currently solvent Scandinavian country participate in a bail-out to pay themselves back. Seems like bad logic, bad policy, bad economics, but good politics.....hmmmm, what's going to happen, I wonder?

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