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View Diary: If the Euro fails. (282 comments)

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  •  No one is trying to save anybody else, they are (3+ / 0-)
    Recommended by:
    G2geek, Cliss, Joncleir

    trying to save their own banks and economy.  European banks like their American counterparts were allowed to make some very bad loans.  They all need to be nationalized and the investors wiped out. There is not another way out.  The IMF will loan to countries that can't get money by conventional means.  

    •  Yeah. The IMF will fix it. (1+ / 0-)
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      She's the sort of person who would not only happily stay in Omelas, but would ask "Couldn't life be more wonderful if we threw a few more kids in there?"

      by JesseCW on Sun Nov 27, 2011 at 12:12:22 PM PST

      [ Parent ]

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