Quote:
Originally Posted by JFK
it will be dragged ad infinitum, if the politicians have their way.
It should of been ended the last bailout. It will just go till the indebted countries owe so much, that there is absolutely no way in hell to repay,then there will be a war.
They wont stand their countries being repoed, gobbled up by the people who lent them the money in the 1st place to keep on their losing ways  |
Nobody is going to invade anybody
The countries that welch on their loans will have their credit ratings cut effectively to zero and get kicked out of the EU. That is if they haven't already left on their own.
At worst, sanctions might be applied on them as well, but I rather doubt it. You can't squeeze blood out of a rock after all.