Monday, May 10, 2010

“Wer soll das bezahlen?”, which in English roughly translates to “Who is going to pay for this”

“Wer soll das bezahlen?”, which in English roughly translates to “Who is going to pay for this”


This is just another extension of transferring risk onto the public sector/govts/international agencies at a very large long-term cost. It should be added that this is not just a question for the Eurozone, or for the currently government-less UK, but across the heavily indebted countries of the world (yes that means you, Uncle Sam). In other words this is just another example of a short-term, leveraged solution, that merely adds to the burden of future problems.

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