real news Sunday 20 november 2011

• If you can afford a social safety net, it's still a dangerous precedent, but fine. Thats one thing.  If you can't afford it to begin with you are losing services you never should have had in the first place.

  Just like I don't feel too sorry for someone who can only go to the gym by merit of his credit card payments he never pays down. When he maxes he can't go anymore. Responsibly he'll have to choose what to drop from what he can afford.

  sirellyn 27 minutes ago
• So.. German is benefiting from the situation. Why? Because they are a creditor, that can lend money. And then they turn around saying, no wait, being a creditor, is bad. (When it's convenient to find an excuse to spend)

  If Greece defaults, heck of most of Europe defaults German isn't in a good position at all. Much of the credit they have is loaned out to countries whose debts never get better, only worsen. Their credit evaporates.

  sirellyn 33 minutes ago
• Only at the conclusion of discussion was the real roots of the problem mentioned, almost as if only a tiny maybe. Hell, get tough with the powerful banks, throw asses into jail, demand return of the trillions of stolen funds and only after that, concentrate on prevention. Once again, the cart is in front of the horse.

  mahdatonta 1 hour ago
• Euro system was not designed to protect free markets. It's there to serve as a direct competitor to the U.S, to bolster central banks (which now control a single currency which is used by all Europeans). We no longer have a truly free market anywhere in the world, and let's not forget that the Fed bails out banks around the world including Europe.

  Otzmatron 2 hours ago
• The green bank red mob

  OrgonVpH7 2 hours ago