Bailout to Greece (12.11.12)

in response to the MW article

if they excluded Greece 5 years ago we wouldn't be having this problem now. we would have other problems, but not this one...

it seems that the economists and politics fail to comprehend one very simple concept - money does not create jobs. 25% unemployment is the end of the game. it doesn't matter how much money you pump in - it will not create jobs, it will not create demand for labor... the system is dead. bailout or no bailout - it doesn't matter. soon all of that money will simply go to feeding people. 25% of those unemployed have to eat, you know! but they can't buy their own food cuz they don't have that money cuz they don't have the jobs... besides, Greece isn't really the type of country that can offer something to the world besides tourism and olive oil.

i think they'll get this bailout but they'll spend it within half a year and then what? it is inevitable that the EMU will become one or two countries fewer. and the chose is - does the EMU become a few countries fewer or does it cease to exist at all. it's NOT the question whether EMU remains as it is of fall apart, it is few countries fewer or no euro at all. 

what's tragic is that Spain is no better. 25% unemployment makes it same. even worse actually because there are regions that do not want be part of Spain... yes it would "help" the bulls if Rajoy asked for a bailout for maybe a month or so... then there is the fiscal cliff which is inevitable. it may be postponed but it is inevitable... 

...my brother asked me - why can't we just make one world wide currency? and i said - look at the euro experiment, that's why... euro is the experiment! it has one flaw that is about to bring it down and i'd call it the regional inflation/deflation imbalance. one country grows and another country dies. and unless they have one law and one central bank (or better one government that would control the money supply) then it could exist. no single law - well then... there it is...

i don't know what nerves of steel one must have... they're pushing the market to the limits. it's like they want it to collapse! they are making investors almost completely loose the trust in the recovery. heavy manipulations began on the 17.09.12 when somebody referred to Obama releasing the oil reserves (and Obama later said he would if necessary)! this is the day markets shook and ever since did not manage to react to any positive news adequately. remember 7,9% unemployment news? every single mass media source called it BS! i can't forget it... there were a number of good data and each time the media would invite so called "experts" to ruin the mood, to push the markets further down. and now we are at the edge. it we don't see this Greek bailout, Spain asking for one, and Obama postponing the cliff or attacking Iran within the next 2 weeks - the markets will crash and it'll be the end. it'll be the day the world will forever question the current financial adequacy...