overview

Advanced

(Greece defaults) - '..Europe is going to have a very strong, sound currency..'

Posted by archive 
'..a new start both economically and politically, through tough structural reforms and a growth strategy for industry and services.'

<blockquote>'..Allow Greece to go bankrupt, but within the euro zone. This would make it possible to reduce the country's mountain of debt to a manageable level, providing the necessary leeway for a new start both economically and politically, through tough structural reforms and a growth strategy for industry and services.'

- Der Spiegel (Source, 02/13/2012)</blockquote>


Context (During the reorganization) - Trade: Greece, Turkey, Egypt, Italy

<blockquote><a href="[en.wikipedia.org] of sovereign debt defaults</a>


'If Greece defaults, some other countries will default too .. But I would buy all the euro I could at that point because then that would mean that Europe is going to have a very strong, sound currency. People can not lie about their finances anyone, people have to run a tight ship.'

- 'Debt was the economic terror of the world..' - '..go bankrupt, reorganize.'

'Changing work rules, pension rates, retirement ages, is badly needed.'

'The true nature of the current crisis is not that of a currency..'

'Bernanke Is Destroying The Savings Class'

'..the structural damage the last credit boom has wrought..'</blockquote>