Saturday, April 09, 2011

Euro Doublespeak

"(...)In essence (...) it is the taxpayers of Greece, Ireland and Portugal who are bailing out German, French and British taxpayers and depositors — not the other way around. The indebted countries are not really getting bailouts, he said, “but loans at high interest rates.” For there to be a real bailout, he said, there would have to be a default.(...)"
-New York Times link

-Paul Mason, BBC link

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