• The post you are reporting:
   
  Certainly there has been public disorder in Greece, Howard, and in Italy too. But how much worse would it get in a country economically bankrupt - where the cash runs out if no bail out comes through - if other countries hadn't pumped in enormous quantities of cash?
  
  But for how long can some states continue piling up money to lend out? Greece has even been excempted from paying back 50% of what it owes European banks.
  
  And yet, these same banks are running low on money.
  
  You rightly point out that austerity measures still have to take effect in Italy. I assume that Germany's government has emergency plans to pump more money to Italy should things get out of hand economically.
  
  But the less money they lend (or give away), the heavier the austerity measures in Italy would have to be, and the more likely people would kick off in the streets.
  The same applies to Spain and Portugal.
  
  In other words, Germany and France are doing all they can to prevent full-scale riots and disorder breakinhg out all over southern Europe.

Report Post

Your Name

Reason