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One thing at a time

  • 01-06-2012 12:03pm
    #1
    drdeadlift
    Closed Accounts Posts: 2,189 ✭✭✭


    Egypt Libya then Syria,then Greece and now Spain.Why hasnt any of these problems hit at the same time..Once Spain has been recapitalized to death then they are onto Italy.With the economies in mind who is it suiting to deal with each problem one ofter another?


Comments

  • #2
    superluck
    Closed Accounts Posts: 185 ✭✭superluck


    Bankers are parasites, they're the most worthless unproductive organisms on the planet today.

    They take everything and give nothing.


  • #3
    Jonny7
    Registered Users, Registered Users 2 Posts: 6,696 ✭✭✭Jonny7


    drdeadlift wrote: »
    Egypt Libya then Syria,then Greece and now Spain.Why hasnt any of these problems hit at the same time..Once Spain has been recapitalized to death then they are onto Italy.With the economies in mind who is it suiting to deal with each problem one ofter another?

    Actually they are slightly related. Conditions have been bad in ME and African countries for a good while, but the very large recession that started in late 2007 and 2008 struck some of these countries very hard, e.g. Tunisian's were sick of their corrupt leadership, the lack of jobs, food prices, etc.. and took to the streets.

    There has been no easy quick-fix solution to this recession, it was almost definitely going to be double-dip (the banks had to be bailed which created temporary "relief") but right now we are feeling the "second dip" so to speak.

    There will most likely be casualties, e.g. Greece. There will also be some irreversible damage done, but we should eventually pull out of it.

    We will of course make similar mistakes again, when we reach the heady heights of another boom, but we do learn from our mistakes (1929) albeit slowly..


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