Bailouts and emergency funding for every bank around the world, same thing over and over and over and over again....how many years into this global financial crisis? Just keep the bailouts and QE coming. Only way to save the global financial markets is with more debt and QE. ATHENS (Reuters) - Three of Greece's four major banks have started to tap emergency funding from the Greek central bank as some depositors have withdrawn their money due to political uncertainty, two sources familiar with the situation told Reuters on Tuesday http://uk.mobile.reuters.com/article/idUKKBN0L70VT20150203?irpc=932
69 billion euro, which represents more than 30% of all deposits in Greek banks have been transferred outside the country in a very short time. The bill will be presented very soon to Tsipras and Greece. Tsipras sees already problems coming, that's why he quickly confirmed that all agreements with ECB will be respected. He even agrees now to pay back EVERYTHING.
He took Lazard to help and advice him. The first advice was a big shock i am afraid. The more left the politician, the less they know about finance and economy. But at least he has now a good paid job. And for socialist that's the final goal of politics. First serve yourself, and if possible with other people's money.
Free markets???? Haha... No such thing... Throw out everything you learned in high school....college and everything else in between about economics....its all worthless now that everything is propped up with countless and unlimited amounts of money.... No one has a clue how great this financial crisis is....
I agree for 100%. In the 2008 crisis i told to people that this crisis was not like previous ones. The economical situation all over the world would change. Europe never recovered from that crisis, and the Far east is becoming the new economical power.