Re: For the Euro fear mongers

On Jun 5, 7:56 pm, Islander <nos...@xxxxxxxxxxx> wrote:
Here is an interesting article about the Euro crisis which speculates
that Germany cannot allow Greece to fail.

Most interesting is the chart at the beginning of the article which
shows interest rates on 10 year bonds for countries in the Eurozone over
the past 17 years.  Note that interest rates for Greece were higher in
1995 than at present, but then Greece has had a problem collecting taxes
for a very long time.  Ireland is higher now, but that is simply because
of reduced financial regulations that were proclaimed to be the Irish
miracle.  Portugal is about were it was before.  Spain and Italy are
doing better than before the Euro and France and Germany are doing
better than before the 2008 financial crisis.

http://www.npr.org/blogs/money/2012/06/04/154282337/the-crisis-in-eur...

Note also that the Euro was strong until the 2008 financial crisis.
Goldman Sachs had its fingerprints all over the problems with Greece,
profiting from swaps that masked Greek debt.

There are some big bank executives who should be in jail!

Sometimes it makes me wonder who is the most immune from ever having
to go to jail no matter what they do, the president of the United
States, or a big bank executive.

.

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