Mf global creditors still waiting for funds, we believe, will be in마이다스 카지노 even greater difficulty, because, given the risks of a sharp default, it seems unlikely that any of the major creditors would stand in the way of raising enough funds on the international market to pay off their debt – let alone keep the country afloat.
And here’s the thing. The idea that the UK could get its finances back to “normal” – or even “recovery” – in eight weeks is utterly bizarre. I’ve told these same people repeatedly that we need a “shock” that would be much bigger than anything the UK has ever seen to bring the entire economy back into “normal” – and even then there’s a real chance that we may very well be in another recession (or a double-dip recession) as we approach the “sustained recovery”.
But it’s very hard to imagine that the ECB, for example, or the Bank of England could just hold onto the cash and promise to continue to buy $15bn of Greek government bonds every day.
It’s not only that if Greece defaulted, they’d risk defaulting on debts to the international financial system that they lent out anyway in the hope of getting a “good deal.” It’s just that if they did default, the money they’d have to sell the bonds was just too small to pay back all of that money. It’s just that if Greece defaulted it’d be a global economic catastrophe. And it’s just that if they defaulted it’d be very difficult to negotiate with Germany – especially if there was nothing left to buy in Greece.
Of course, the reality is that the eurozone crisis has already cost the EU billions in aid, and that there is already진주출장안마 a €60bn (£50bn) European Commission “black hole” on which funds are being diverted into an already overdrawn European Central Bank (ECB).
So when I ask people what they thought of Merkel’s speech, what they usually say is that it was “excellent” and that “everything we asked them in March was delivered”.
But of course, the reality is that at the time of the speech the economic case for the Eurozone was very weak at best, and the euro zone was already heading for the brink of recession.
And when I mention to them t우리 카지노hat this is what we’re going into, they say “ohhh, but it would all end up in my lap!”, rather than pointing out the fact that in 2011 Europe was still stuck on tha