Post by The Great Aztec Joe on Nov 24, 2011 7:45:09 GMT -8
All of the weaker industrial socialist welfare states are collapsing under their excessive welfare loads.
Germany under Merkel has tried to save the Union. I am beginning to think that even Germany does not have enough money to buy up all of that debt. Even if they do for now. there are tremendous down steam obligations.
Meanwhile, Greece, Italy, Portugal and Spain are strongly pushing the European Union to issue Euro Bonds to fund their extravagant and outrageous social spending. The idea is to have Germany back the Eurobonds while Greece, Italy, Portugal and Spain spend the money.
Basically they are asking Germany to give them a free check book.
Lately they have been insulting Merkel saying that it is Germany's fault that all of these poorer countries are so deeply in debt with their own bond issuances. If they had the free money from Germany they would not be in debt.
My stepson had a wife who thought that way. I told him she was crazy and he finally realized it after he had three children with her. The children and the stepson are now living in my house. The divorce cost him everything he had.
Germany under Merkel has tried to save the Union. I am beginning to think that even Germany does not have enough money to buy up all of that debt. Even if they do for now. there are tremendous down steam obligations.
Meanwhile, Greece, Italy, Portugal and Spain are strongly pushing the European Union to issue Euro Bonds to fund their extravagant and outrageous social spending. The idea is to have Germany back the Eurobonds while Greece, Italy, Portugal and Spain spend the money.
Basically they are asking Germany to give them a free check book.
Lately they have been insulting Merkel saying that it is Germany's fault that all of these poorer countries are so deeply in debt with their own bond issuances. If they had the free money from Germany they would not be in debt.
My stepson had a wife who thought that way. I told him she was crazy and he finally realized it after he had three children with her. The children and the stepson are now living in my house. The divorce cost him everything he had.