LouisCribben
Registered User
- Messages
- 337
and also who's next?There are other possible negative consequences, e.g. moral hazard.
The cost is borne by the taxpayer, as the lenders will not be charging Greece sufficient interest to compensate for the risk of default.
how can lenders be enticed to lend to Greece at low rates ?
Am I correct in saying that the only cost to the EU of the bailout is the risk that Greece goes bankrupt, in which case EU would have to repay Greece's loans ?
Where does the $867 Billion come from?
I guess if you exclude all the money by foreign banks in the IFSC the figure wouldn't be as high. Still scary though.
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