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Greek debt downrated to junk status-who next?

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Old 29 April 2010, 05:07 PM
  #31  
c_maguire
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Originally Posted by kingofturds
Greece should never have been allowed to join the Euro in the first place, it was only by by some smoke and mirror economics that they ended up being able to join.
Chickens coming home to roost. Shortly after the Eurozone came into being the likes of Germany and France (the self-appointed leaders) were fudging the admissions criteria in order to increase the Euro's influence against the Dollar.
Guess what, now all those countries who entered illegitimately may blow the whole house of cards down.
Not being an economist I never could see how it would work when each country has its own Government and usually its own language. It always seemed to me that there would be givers and takers in order to make it work, and as usual the takers want the giver's money. And it was never as if the likes of Greece, Portugal, Spain or Bulgaria (phew, that was close) were ever going to be givers.

Kevin
Old 29 April 2010, 10:46 PM
  #32  
fpan
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Something to reflect on

http://translate.google.co.uk/transl...n&hl=&ie=UTF-8

Translation looses from the original but you can get the idea.

Last edited by fpan; 29 April 2010 at 10:53 PM.
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