Re: Re: Eurozone Dominoes Falling!


It’s not that simple Shakeel. In exchange for bail out cash the country concerned has to submit to a rigorous budget deficit cutting programe and lasting austerity. The men in black from the EU and IMF arrive and take control of the finance ministry.
The public are forced to endure hardship and a savage reduction of public services.
Most governments cannot recover electorally and are soon removed.

Requesting a bail out is a desperate move of last resort. Spain so far has got away with this pain by requesting a bank bail out not funding for the government budget. However those funds of €100bn will balloon the deficit making further requests more likely.