Tuesday, 24 July 2012

WHEN THE EURO TREMBLES AND THEN GERMANY TREMBLES ALSO !!!


Germany is the saviour of the EURO, but when the rescued countries want to impose conditions on any repayment schedules, there comes a time when the lender becomes hesitant !!! 

How can Germany (and its taxpayers) accept that their Politicians would be prepared to underwrite a third series of loans to Greece when the Greek leaders say quite clearly that they want softer and less stringent repayment terms ?  Are the same conditions offered to companies in Germany which are on the brink of Bankruptcy ?

Would Germany expect France also to subscribe to more loans to Greece ?  And to Spain and to Italy ?

The time has come when a fundamental rethink must be undertaken by all the countries involved, of the basic reasons why the "EURO" must be saved and at all costs !!! 

The "ideal" of a EURO is not wrong, but would it not be better to cut current losses now and then re-start all over again with a EUROZONE TREATY ?
                                         .

No comments:

Post a Comment