Greece Opts No New Proposal Today
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@scottalanmiller said:
- US. After the Great Depression in the 1930s, FDR's New Deal was a "spend through" strategy to put people to work and keep the economy moving when private investing had failed. The result? A war. But after that an unbelievable economic boom with the US having over 50% of the world economy.
I'd give the GI Bill it's fair share of credit too. Either way it certainly produced results.
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This mostly sums up the Greek Situation:
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China's morning of trading sees them down another 3.6% so far. All of Asia is falling from the collapse in China.
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Who owns Greek debt?
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That's a lot of Euro's.
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Rather a bit of Euros indeed.
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@mlnews said:
Who owns Greek debt?
I was thinking that Spain and the US carried a bit more of the load, very informational graphic.
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@coliver said:
@mlnews said:
Who owns Greek debt?
I was thinking that Spain and the US carried a bit more of the load, very informational graphic.
A few weeks ago before Scott educated me that Spain was more or less out of their debt crisis I would have been VERY surprised to see Spain carrying any of the debt.
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@coliver said:
@mlnews said:
Who owns Greek debt?
I was thinking that Spain and the US carried a bit more of the load, very informational graphic.
Spain is a healthy economy but only just out of a recession, 25% unemployment still and a much smaller country than France or Germany. When Spain helped to bail out Greece it was in deep in its own recession.
That's partially why Greece is so evil here. They robbed the poor, not the rich.
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So far Greece has failed to submit a new proposal today. The deadline is hours away.
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Official song from Greece
