Forum Post: Merkel Stands Up to Bankers in EU Bailout!
Posted 12 years ago on Oct. 29, 2011, 2:05 p.m. EST by HitGirl
(2263)
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Unlike the "leaders" of our country, the European leaders stood up to their bankers, forcing them to take a 50% write-down on their Greek bonds and forcing them not out pay out on default derivatives (bets on Greece's default). Don't get me wrong. There is still no excuse for what's going on in Greece, but at least they don't reward their bankers for failure and fraud like we do here in the US.
Its all PR ploy/tactics. Germany is attempting to hijack all of Europe, similar to something they tried before...
You must be a banker.
Actually Im a broke ass from Tampa :) Why would you assume that? Because I think that we are in a time of great restructing and its pretty much every man for themselves in the global money game right now?
That should be your tag, brokeassfromTampa :) . To answer: No, it's because you made a sweeping and derogatory generalization about Germany that has a better system of government than us right now. Were you living in Germany you would most likely have a job and not be concerned about where your health care was coming from.
Germany's is still hovering between 7-8%, according to their "official" stats. But yes, they do have universal healthcare.
I think the reason they are doing a little better is just that they are a more industrious society than ours. I mean, we leveled the whole place only 60 years ago, and they have roared back very impressively. I think their people, their politicians and their businesses probably just work harder than the rest.
Not exactly. My understanding is they are better educated and life has taught them to watch their politicians closely.