A funny look at Euro Area debt and who will pay

The only options are: Print or Crash.

They will print. Next?

 

It's not that simple. Germany may not want print, while France does.

 

Germany is using the crisis to gain fiscal leverage over member states.

IOW, Germany is holding back to gain concessions from debtor nations, in terms of surrendering fiscal and budgetary authority to Germany/France.

When the Germans get it, they will print. I'm 98% sure that is the real state of affairs, over there.

 

No it is different. Jubilee is a total cancelation this is cross cancelation, they only cancel the debt because they owe each other the same sum.

 

I think you're right. It's not that Country A owes Country B. It's Country A owes Bank B. So netting out debts between countries, still leaves banks with a loss.

 

Yeah I am sure I am right. It surprises me that they would even consider this suggestion.

 

Ooooh, can't have that. Taxpayers must pony up!

 

print or crash is the solution proposed by governments that are losers and thieves..

 

If it's more a revelation of their intellectual sophistication, than it's pathetic. And scary.

 

haha. Don't get me wrong, I'm analyzing the situation from their perspective. I don't support bailouts.