"It's really important to have a quick package in place in Greece," said Astrid Schilo, head European economist with HSBC in London. "Parliament in Germany may have to vote in favor of support, even if the public opposes it. The consequences are too high if it doesn't."
Friday, April 23, 2010
Too Big to Fail, Global Style
Does this reasoning sound familiar?
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2 comments:
Looks like the IMF is revving up for similar actions on a larger scale. Unfortunately, the IMF doesn't even have voters whose wishes they can ignore. BTW, anyone else wonder why they're ballooning this 10X right now?
Holy Toledo. Scary stuff, that. I wonder who they will be borrowing the money from. None of their normal donors have piles of cash laying around.
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