G20 leaders tell Eurozone to solve its debt crisis

by **huamulan** on Mon Jun 18, 2012 9:16 pm

This dramatic new strategy is daring but it might just work.

by **Phatscotty** on Mon Jun 18, 2012 9:24 pm

huamulan wrote:This dramatic new strategy is daring but it might just work.

It's not daring to reward profligate overspending with more money to spend. What would be daring is to drop the lalaland way of thinking Europe can solve it's debt problem by asking for even more money, and to start solving the debt problem by cutting spending, and those spending cuts can start with the government, which is 100% responsible for running up the debt in the first place.

by **huamulan** on Mon Jun 18, 2012 9:28 pm

EU austerity drive country by country.

http://www.bbc.co.uk/news/10162176

by **huamulan** on Mon Jun 18, 2012 9:29 pm

Back to the matter at hand: I was mocking the people who sit around saying stupid things like 'this debt crisis really needs solving', not commenting on the current bailout plans.

by **Phatscotty** on Mon Jun 18, 2012 10:32 pm

by **thegreekdog** on Tue Jun 19, 2012 6:40 am

huamulan wrote:Back to the matter at hand: I was mocking the people who sit around saying stupid things like 'this debt crisis really needs solving', not commenting on the current bailout plans.

I laughed when the president scolded the European community. I didn't laugh at the hypocrisy, I laughed that the president put on his serious face and wagged his finger, which somehow will magically make Merkel et. al. say "Oh shit, we'd better work on this now."