CrossTalk on Greece: Euro - too big to exist?

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Uploaded by on May 5, 2010

On this edition of Peter Lavelle's CrossTalk, he asks his guests whether Greece is being bailed out or is it the bankers.

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  • @nameofthepen I like the way you think ,they should find the politicians who are responsible and hang them for treason.

  • @yaplonglong ALL Govts Globally, have allready sold our pension and social systems, next they will sellout the healthsystem. all to keep their failing monetary system in place. The metdown is like a planned demolition to cause a general devaluation of most western currency towards the yuan..... they all wan cheaper labor costs and minimum obligations towards thier own people. While internation hedgefonds and CDS's makers like j.morgan & goldman sachs make a fortune Blackmailing systems.

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  • Goldman sucks

  • 15:20 Correct me if I'm wrong, but doesn't giving money to Greece work as an indirect monetary stimulus on Germany? German banks receive large interest rates which again boost the economy as a whole. Investment goes up as banks sit on more capital. So the tax payers do actually get back for it as a whole, unlike the contrary which would hit the bank sector hard, and therefore firm investments

    Just as Q. Stimulus in USA goes through the banking sector to boost econ, though that's a diff chapter.

  • Greece and all the other South European countries got out of a very evil spiral when adapting the EURO. Paying interest was a large part of GDP. They had more security when adapting the EU and got lower interest.

    One bad government, let's say 15 years from now could destroy Greece if they leave, as they don't have the security of the EURO in the back.

    Now the problem was of course that they misused this security, which must not happen again.

  • the yank doesnt get away with it either.he's worse than the stooges.he's a silly boy just working his job.

  • the 3 stooges

  • "different cultures and economies work better with different interest rates" The Greek government pays higher interest than the German. This is happening in the Eurozone.

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