Comments on: Frustrated Greeks Shining a light on the dismal science Wed, 16 Nov 2016 01:39:19 +0000 hourly 1 By: MoneyGuy1480 Wed, 24 Mar 2010 11:26:11 +0000 This article I came across talks more about Papandreou’s thoughts on speculators -turns-to-usa

By: HBC Tue, 23 Mar 2010 03:55:13 +0000 If Germany’s a giant with a child’s brain, the question is then – a giant what?

Two words: Marshall Plan.

By: DanAllen Mon, 22 Mar 2010 17:13:37 +0000 Then only reason that Papandreou would have spoken out is that he’s getting the same sort of pussyfooting and mealy-mouthed assurances that investors have been hearing from Euro leaders.

This means nothing of substance has been discussed at all. Meanwhile, Bundesbank board members have alternately suggested that Greece quit the Eurozone and/or default. So, they see no problem with a European Lehman Brothers, this time a sovereign EU/Eurozone member.

One wonders whether the Germans really mean it. After all, there was similar bluster two years ago during the bank collapse. Merkel blamed the USA and said she would not add funds to the kitty for continental bank bailouts. That was the first navel-gazing German utterance to open eyes. Meanwhile, the USA sent $20+ billion to Germany, even to German state-owned banks like KfW which had given Lehman Brothers $300 million a mere hour before it collapsed.

So, I can understand that Germany hates bailouts, but it certainly doesn’t hate hypocrites.