The name's Bond. Eurobond.
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Sam and peg got in the house because they presented a false economy for the others in the house, otherwise sam and peg would have been kept out.
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problem : sam and peg should of never been allowed in
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@angel2901 dammit i was gonna let this slide but i just can't. Germany has had its economy destroyed plenty of times. After each war it was completely wrecked. That's kind of why there were two... props for rebuilding it after 60 years but thats hardly a record. and it was hardly done without US aid
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@bassemhaikal We are Germany. History tells us that NOTHING can destroy our economy. Not even two lost World Wars or the "unification" with a broke and fucked up country (East Germany). Either way, in the end we will be on top again. As always.
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@albomale well Greece won't default this time, unless they really did absolutely nothing by the end of september. I assume you mean kicked out of the eurozone not the EU. You can't really kick countries out of the Eurozone. You have to stop giving them money and bailing them out so they have no choice but to print their own currency. I doubt other nations would default after greece. Banks would need to be recapitalized which would probably cost less than bailing out greece.
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@chillercm Greece was listed at 98% default a few days ago over at bloomberg news. Although I think they will default some time soon, I don't think they will be kicked out from EU. Doing so, would create a "panic-standard" for defaults that could be following Greece. So supposing Greece defaults and is kicked out from EU, any news following that seems to hint at another nation's default will create an overblown selloff and flight away from the Euro into other currencies
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@albomale thats another problem that countries have with eurobonds. it would mean all bonds are merged together to form a common eurobond. so basically a greek government bond is equivalent to a german bund. the problem with issuing these bonds is you should have a european finance ministry as well, that would regulate where the money borrowed money goes and thereby control countries taxes and debt levels. nothing seems to be working for greece so this european integration could become reality
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can you guys please put "whiteboard" as the tag for your newer whiteboard videos so that they're easier to find...thanks :))
(and keep the videos coming...i've learned so much!)
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@petrolbears Oh, I think I wanted to say Spain.. thanks for correcting me
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john in this story is germany..
hiphopsocnroc 6 months ago 15