I was just wondering what the Brown Cafe community is thinking about the riots going on in Greece? Apparently they want the IMF to get out of their business. However, they can't service their own debt and they owe many European banks a lot of money. The only way they can pay their debts is with an IMF "bailout". To me the Euro seems doomed.
We are watching the fall of a welfare-entitlement state.
BTW the good old USA is the highest contributer to the IMF. 17% of IMF funds come from the US. The next highest is Japan at around 8-9%. How does it feel to help bail-out a country where the retirement age is only 55?
We are watching the fall of a welfare-entitlement state.
BTW the good old USA is the highest contributer to the IMF. 17% of IMF funds come from the US. The next highest is Japan at around 8-9%. How does it feel to help bail-out a country where the retirement age is only 55?