27 October 2011

Euro deal leaves much to do on rescue fund, Greek debt

Euro zone leaders struck a last-minute deal to limit the damage from the currency bloc's debt crisis early on Thursday but are still far from finalizing plans to slash Greece's debt burden and strengthen their rescue fund.
http://www.whatamimissinghere.com/wp-content/uploads/2011/09/95503-EU-Debt-Crisis-by-Luojie-China-Daily-China.jpg
If we were actually bailing out the people of those countries, rather than the banks who knowingly bought insolvent debt, there would not be so much opposition to these efforts. But the reality is that the banks are looting the public resources, attempting to make one last resource grab as the house of cards collapses. 


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