They will always bailout these countries to prevent the contagion effect, until there is no more liquidty left, this will be the case one day imho.
Greece and Eurogroup brinkmanship game has finally ended?? Not sure about that. But deal or not, this game of catfight is not going to end, even after a bailout. Greece related problems will continue. IMF leaked report shows more debt relief needed for Greece than the EU admitted to, typical... I see drachma's already
Black humor headline - The EU Shot Its Greek Hostage, Now Spain Is Nervous http://finance.yahoo.com/news/eu-shot-greek-hostage-now-131900327.html
That was essentially the message Northern Europe had to deliver and it seems to work. Socialists in full retreat.
Indeed....slackers all....and now the day of reckoning has arrived. Everyone knew this could not last. It was just a matter of time
lies, lies, and more lies from the socialist corners. At least they are champions in media control and getting attention. Greece may not be able to be saved, but there is no other choice than austerity, and if Northern Europe would not have insisted on more austerity then the next socialist monkeys would have taken hold in Spain and other European countries.
They'd still deny it. Tsipras is in denial. He doesn't believe any of this is right, he said he had a knife to his throat and had no choice. Krugman was on Bloomberg a few days ago nearly crying over the whole mess because the "evil German empire" forced Greece to wreck it's own economy. They will never learn. But it is amazing what a few weeks of bank closures will do to the socialist psyche - albeit temporarily.
Krugman is one of the most vile Jews alive today. He literally leaves not a single opportunity to strike Germany. He teaches and lectures against every historical evidence there is. Since his Nobel Memorial Price award, which he by the way received for works completely unrelated to the unproven assumptions he keeps on making for 7-8 years now, he keeps on trying to nail every single politician, country, or government that embarks on the only morally laudable approach to dealing with debt, structural reforms. This idiot keeps on pretending that there is a single proof out there that incurring more debt and printing more money and powerfully injecting the central bank and government into economic crisis has ever solved a problem. There is simply not one single case in history that would support his base assumptions. If anything I can list 50 countries and economic catastrophes that disprove everything Krugman has been preaching in the past couple years.