India to give $2bn to fund bailouts in Europe

[gubbi]

How amusing the way the roles switched, good for India, this news is something to gloat about.

Exactly. And yet we have some people complaining about UK/EU funding NGOs in India!

 

[pmukherjee]

India has been the recipient of billions of dollars in the past. India still receives millions from the US, Europe, Japan etc. It is only right that we should help when it is needed. Besides, it is not a reckless and wasteful gesture. It is more like an investment which gives us greater say in Europe. I agree that it is merely a token amount and that really will not go a long way in correcting the situation faced by Greece, Ireland, Portugal, Spain etc but it is a well meaning gesture and therefore it is welcome. well done India.

Be that as it may, I feel the experiment of the Euro zone has failed miserably. Lesser economies in Europe will be forced to opt out of the Euro zone sooner or later and revert back to their original currencies. The imbalances are too many, Only the very richest and most efficient of Central/Northern European economies will continue with the Euro zone. That is a pity as it was a good idea to start with. The financial meltdown of 2008 really killed it.

 

[T90TankGuy]

As far as I know, Mumbai is not so wet, and rainy.

have you ever been to Mumbai in the rains man . ?

 

[53fd]

good for india

 

[tallboy123]

Do i smell something about golden sparrow days coming back?

After some 50-75 years,Vijaynagara Empire will Re-emerge in India

 

[prototype]

A goodwill gesture holds only good when it helps to dissolve the problem or atleat somewhat decrease it,in such a situation when Europe is in in debt that to in trillions,a $2 billion is just a waste of our resources.When Greece is performing default again and again we claim we had given a loan,$ 2 billion may be a small amount but it could be utilized in a better way.

 

[fd24]

I wish I knew what are politicians are drinking or smoking.

 

[waz]

India should spend the money elsewhere, the needy in India would be a good place to start. These nations are beyond help and with the likes of Greece receiving a second bailout, the word pathetic springs to mind. Nations whose economic policies are in disarray, who were never economically competitive to begin with and who spend lavishly and generate little in tax revenue have only themselves to blame. The free market has literally dictated their fate....

 

[fd24]

just looked at the title of this post again. The more I look at it the more ridiculous it is. Shame on Indian leaders

 

[Foreigntrademan]

have you ever been to Mumbai in the rains man . ?

No, did not personally come to Mumbai before. But heared of it from a business partner who did. Does Mumbai rain a lot in Summer?

 

[T90TankGuy]

No, did not personally come to Mumbai before. But heared of it from a business partner who did. Does Mumbai rain a lot in Summer?

its not summer now mate its the monsoon season . it starts roughly 10 june for about 4 months . Ahh Mumbai is to be seen in the rains . she is beautiful .

 

[LetsGetRowdy]

When you need India to bail out Europe you know the European glory days are over.

 

[aakash_2410]

lool From the biggest receiver of foreign aid until 1990s to one of the biggest aid provider.

It's funny how quickly things can change.

 

[Maritimer]

There must be something more to this. Certainly, Europe is not depending on this $2 bn to bail themselves out of bankruptcy. Is India going to get more voting rights in IMF, thereby increasing India's say on matters concerning aid given to countries like Pakistan??

 

[Evil Flare]

There must be something more to this. Certainly, Europe is not depending on this $2 bn to bail themselves out of bankruptcy. Is India going to get more voting rights in IMF, thereby increasing India's say on matters concerning aid given to countries like Pakistan??

you really think that 2 billion$ matters that much ?