Archives for: May 2010
Germany: don't bail Greece out of their mess
Hugo Brady of the Centre for European Reform says
"the problem here is the recurring inability in the European project
to say brutal truths honestly and clearly and to act on them in
a realistic manner". He was referring to how the past of Germany gets drawn into every debate in the EU. And how the Greeks are manipulating that because they want German taxpayers to 'loan' them somewhere between 8-25 billion Euros. And Angela Merkel being a good Chancellor is resistant to a bail-out of Greece for any reason, and I am glad. I have tendencies to like the Germans as they are and I have Anglo-Saxon heritage from the part of Germany that is on the Baltic --Schlesweig-Holstein; and Germany as a nation has been pretty good to me. So I am on their side in this debate.
That quote could also be said of the US Congress and President-- a tendency to think they could rob the majority to pay for the sins of the minority is the underlying theme in Congress and Obama plans.
That quote from Gavin Hewitt Europes' editor for BBC,blog at:
http://www.bbc.co.uk/blogs/thereporters/gavinhewitt/.
Remember the currency exchange at today's rate using Forex is:
8 billion Euros =$10,636,200,000 USD
and 25 billion euros = $33,238,000,000 USD. That is not pocket change!
And I don't blame the Germans for being mad at being expected to 'bail out' Greece for bad financial mismanagement and faulty arithmetic and con-games of fraud, manipulation and treachery. The German mark was sound before they were pressured to change to the Euro.
7:35 AM 5/1/2010
Gloria Poole; at home in Missouri; time is 7:50AM, 1-May-2010
