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Author Topic: Bail out of greek economy?  (Read 1126 times)

Offline mickydripping

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Bail out of greek economy?
« on: July 19, 2013, 07:52:24 PM »
Can anyone explain why there is such an outcry over Greece....but Detroit going bust is a small problem?

Offline Mike from Sussex

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Re: Bail out of greek economy?
« Reply #1 on: July 19, 2013, 09:29:58 PM »
Two reasons:

Most of Detroit's debts are to employees' unions and pension funds;

A Detroit default will not threaten the financial survival of the Eurozone.

Mike