Who bailed out Europe?

[ManuZ]

Last time i checked Europe faced an economic crisis.....
Countries like Greece, Spain all face serious financial difficulties....
Government didn't even had cash to handle their day to day expenses....
And China refused to bail out....
And still Nothing seems to be happening there...
Did some one bailout these cash deprived countries??
and how was this crisis averted?
Can some one explain the whole situation?

 

[ChinaToday]

how about india?

 

[Alienoz_TR]

There was quasi quantitive easing that was made by European central bank through direct bond purchasing. Junk bonds were transferred to ECB. That solved the problem temporarily.

But to avoid further crisises, euro countries should cut the expenditures, thus closing the gap between public expenditures and public income. Even in that, they have to service a huge debt. Public debt per GDP ratio in europe is the highest in world standarts. IMO, this debt would start to be defaulted in middle term to long term.

That was one of the problem. The others are high unemployment, aging population thus social security deficits, rising energy prices and inflation, high military expenditures etc...

 

[Backbencher]

how about india?

Nah ...... how about your pakistan

 

[InFn-0]

The crisis has no been averted, they are just delaying it. Even now Greece is on the verge of bankrupcy, i mean they are holding emergency meetings as to how they can solve the issue. But rest assured, they dont know how to get out of this mess.

China weighs more involvement in EU bailout - Asia-Pacific - Al Jazeera English

 

[nalandapride]

how about india?

China Railway is bankrupt, in need of $307 Billion bailout. Please bail that first of all.

 

[Developereo]

Nothing's changed. The Big One is coming.

 

[Alienoz_TR]

IMF world economic outlook database September 2011

Edit/Review Countries

Select the country, select data you wanna look at, select years. Useful, I always use this database.

 

[ChinaToday]

China Railway is bankrupt, in need of $307 Billion bailout. Please bail that first of all.

exactly that is why i said super rich india can bail out europe

 

[nalandapride]

self-delete

 

[ChinaToday]

Bur European asked Superslum China's help.

Arent they mad? asking some one with no money to help them? No way you gotta kidng right?

 

[Hussein]

Last time i checked Europe faced an economic crisis.....
Countries like Greece, Spain all face serious financial difficulties....
Government didn't even had cash to handle their day to day expenses....
And China refused to bail out....
And still Nothing seems to be happening there...
Did some one bailout these cash deprived countries??
and how was this crisis averted?
Can some one explain the whole situation?

you cannot compare Greece and Spain: there very very different situations.

Greece is a disaster ! when they entered Europe they accepted the rules
but they were cheating Europe about their economy and people of Greece were so much used to not pay the taxes and cheat the government.
Now they pay a big price for the past decades !

Spain Italia and many countries have a strong program to decrease the cost of debt

 

[ChinaToday]

Just don't reply this chinese 50 cent army ...they have taken PDF level to a bit*hy girls club...

Let them earn their 50 Cents.....Ignore them

Oh really ? and personal attacked like this dont LOL

 

[ManuZ]

Soo the crisis is still not over....?
The best part yet to come????
What happens if euro crisis worsens?
If actually some countries go bankrupt?
What will happen to the rest of the world?
Especially countries which are export driven economies like china....?
And India tooo?
Well someone has to bailout ..isnt it?
well china said no thanks....now who will be the savior?

---------- Post added at 06:38 PM ---------- Previous post was at 06:38 PM ----------

 

[Alienoz_TR]

Manuz, I have a simple explanation.

Europeans used to live in higher standards. Why?
They used to exploit other countries. Then decolonization started.
Then they used to produce industrial goods and sell to other countries. Then offshoring of the industrial base began.
Then they used to live on debt, and now there comes the question. Will they repay?