bail outs

as a uk resident i think that ireland should be allowed to go bankrupt,spain and portugal also.if the eurozone falls so be it,its a sham anyway.

yeah. bailing out bankers helps the rest of us how?

I agree, but some people have so much money they need to put it somewhere and loaning it to countries at high interest rates is the best place to park that money. Since that country will only be able to pay the interest at most and not the principal, it will be profitable for a long time to come.

Bankers are your slave masters. Economic slavery is alive and well.

Originally posted by mrs miggins
as a uk resident i think that ireland should be allowed to go bankrupt,spain and portugal also.if the eurozone falls so be it,its a sham anyway.

If you want to get all arrogant, selfish and nationalistic the natural Irish response is to reactivate the IRA. There are consequences to these decisions.

Originally posted by mrs miggins
as a uk resident i think that ireland should be allowed to go bankrupt,spain and portugal also.if the eurozone falls so be it,its a sham anyway.

Do you have any idea what a disaster to the world economy could ensue after a significant sovereign western nation (or 3) declares bankruptcy and repudiates its debts?

Originally posted by zeeblebot
yeah. bailing out bankers helps the rest of us how?

Question: assuming you don't keep your money under your mattress, where is your money?