[lbo-talk] EU gets serious

Mike Ballard swillsqueal at yahoo.com.au
Fri May 14 18:22:51 PDT 2010


Don't German finance capos own most of the Greek government's bonds i.e. debt?

Mike B)

On May 11, 2010, at 11:14 AM, dredmond at efn.org wrote:


> On Mon, May 10, 2010 10:50 pm, Wendy Lyon wrote:
>
>> But still, I'm impressed by your unfailing ability to put a positive
>> spin on everything the EU leaders do.
>
> If you let Greece and the Mediterranean countries default, Europe goes
> into a 1931-style meltdown, and we already know how that movie ended.
Doug wrote: If today's NYT is to be believed, it took some arm twisting from Obama to get the Euros to agree to a bailout. They're still the junior partners and think like such.

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