Article

2010-02-11 Economy

A Greek crisis is coming to America By Niall Ferguson

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Posted by Besoeker 2010-02-11 08:14|| || Front Page|| [11127 views ] Top

#1 The West is doomed, says professional west-doomsayer.

Posted by gromky 2010-02-11 10:01|| 2010-02-11 10:01|| Front Page Top

#2 No such thing as a free lunch? I'm shocked, shocked to read it!

Posted by Anguper Hupomosing9418 2010-02-11 10:10|| 2010-02-11 10:10|| Front Page Top

#3 But the key question is when that crisis will reach the last bastion of western power, on the other side of the Atlantic.

Of course it will. When the IMF bails out Greece, who do they think will have to fund the IMF?

Posted by tipper 2010-02-11 14:02|| 2010-02-11 14:02|| Front Page Top

#4 Tipper, that's a question that I've been asking for a while.

With many of these bail-outs for other countries it's always from the IMF. But where does the IMF get it's money? US mostly.

So, what do you think the reaction of our voters will be when it is explained that not only do we have to bail out the big bankers, but now we have to bail out the other governments of the world?

Somehow I don't get a good feeling about that reaction.

Posted by AlanC 2010-02-11 14:17|| 2010-02-11 14:17|| Front Page Top

#5 Especially when the Greeks insist on keeping their very generous social benefits, including earlier retirement than you or I are likely to enjoy.

Posted by lotp 2010-02-11 15:59|| 2010-02-11 15:59|| Front Page Top

#6 Let the Turks have them, they are our friends too aren't they?

Posted by Skidmark 2010-02-11 23:40|| 2010-02-11 23:40|| Front Page Top

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