The financial crisis

[Jubal]

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?

[master412160]

Greece suffered very hard, when the crisis was ending. Not sure why Greece had a  money blow out of the blue.

[Jubal]

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.  :-/