Exilian
Art, Writing, and Learning: The Clerisy Quarter => Discussion and Debate - The Philosopher's Plaza => Topic started by: Jubal on May 24, 2010, 08:28:58 PM
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What should be done about the fact that the finance of many of our countries is in deep ***t? More cuts or later cuts? Is this a sign that we should never borrow money again unless utterly necessary and try to eliminate structural deficits? Should more countries create some form of the old US Glass-Steagall act to break up investment and high street banking?
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Greece suffered very hard, when the crisis was ending. Not sure why Greece had a money blow out of the blue.
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It was because they'd covered up a lot of their debts by moving them financially so people wouldn't know about them. Then someone found out and the traders all panicked and went apearmadillo. :-/