Quote:
Originally Posted by mertle
To me this now showing this deliberate act of sabotage by those with money.
Even experts said these stimulas should elevaited fears.
Does anybody think there may be some sort organised structure to this.
We seen the money men witholding 3rd worlds purse strings.
The banks sure was deliberate act which they new the governments would bail giving them prime position to take on governments. By heck one by one they taking them down bigtime.
Can we stop this act of terrorism on our economies.
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Why exactly should institutions whose job it is to lend money in order to earn interest, lend money in places where they have a reasonable suspicion they won't get it back? Excessively risky lending is what got us into this mess in 2008 - money men not withholding when they really should have. Or is your memory really so short?
Spain's cost of borrowing reflects the level of risk the market attaches to the transaction, and that assessment is made with good reason. The Euro is fundamentally flawed by design. It worked fine only as long as conditions were benign but it has failed miserably in the face of its first serious challenge. The floundering economies of Europe cannot be salvaged as long as they remain within the Eurozone. As long as they remain in the EZ, the cash injections required to keep them afloat are inherently risky, and therefore subject to punitive rates of interest.