View Full Version : Europe - is it enough?

27-10-2011, 08:12 PM
Bank Recapitalisation
50% bank haircut on Greek debt
1 Trillion bail-out fund

Is it enough? Maybe not enough yet...but proof enough that we can re-write fiat numbers as much as we like until we get to a "fair-ish" debtor-creditor solution?

Can Europe move from daunting cliff-climb to boring rock-clamber? Will we all move on to looking at US debt and will criticism turn from the bumbling ineptitude of European multi-country bureaucracy to the bumbling ineptitude of US multi-level government?

And who will have most success in tapping China for a contribution to the bail-out?

...tune in for the next overly-dramatised version of "this is your globe"... :cool:

27-10-2011, 08:44 PM
Now for the hard work


11-11-2011, 06:42 PM
haha now S+P gets fat fingers and accidentally downgrades France.
Quick! Ctrl Z!