So ECB lends 250 billion to IMF# Stock
m*i
1 楼
Why can't they lend directly?
Worst, will 250 billion is enough to solve European problem, I doubt it. As
long as there is money available, what is the incentives to take painful cut
(like Italy).
As long as US can print the money, they will not take the painful budget cut
which will hurt the people with no money(Yesterday, both party passed the
defense bill with no problem from both side) nor they will take tax hike to
hurt the wealthy.
So long term, hedge against the dollar devaluation is the #1 task for every
one here, after all, you don't want to see your hard earn money become
worthless one day.
Worst, will 250 billion is enough to solve European problem, I doubt it. As
long as there is money available, what is the incentives to take painful cut
(like Italy).
As long as US can print the money, they will not take the painful budget cut
which will hurt the people with no money(Yesterday, both party passed the
defense bill with no problem from both side) nor they will take tax hike to
hurt the wealthy.
So long term, hedge against the dollar devaluation is the #1 task for every
one here, after all, you don't want to see your hard earn money become
worthless one day.