RE: Oops - a banana skin greek brexit18 Feb 2019 23:09
How much does Greece owe?
367b.
Who do the owe it to ?
Mostly other eu countries...
How much dose Ireland owe?
865b
Who do they owe it to?
Mostly other eu countries..
How much does Spain and Italy owe?
1Trillion dollars each
Who to?
Mostly to Germany, Britain, and France.
How are Germany, Britain, and France going?
Well there struggling a bit...
Why?
Because they've lent all these vast amounts of money to these other eu countries, who can't possibly pay them back..
So what will they do?
They're have to bail them out..
Where will they get the money to do that?
I don't know the answer to that one?
How much money does Portugal owe?
Where will Portugal get the money it owes to Germany, if Germany can't get back the money it lent it Italy ?
So the real question is, how can broke economies, lend money to other broke economies, who haven't got any money, because they can't pay back the money, theybroke economy lent to the other broke economy, and shouldn't have lent to them in the first place because the broke economy could never afford to pay them back from day1?
How much does Spain owe Italy?
41b,
What does Italy owe Spain ?
27b
So how do they pay each other if there both broke?
Bailout of course
So where does the bail out money come from?
Why are people selling Eros and buying dollars?
Because the us economy is so much stronger than the eu economy
Why?
Because Of China.