Greece Bailout is Not a Bailout, Says Europe
Yeeeeeeah mmkay, if it's not a bailout, what exactly is it? Ask JP Morgan what a bailout is. Ask GMAC what one is. Ask middle America what one is, hell, they've seen the "project funded by ARRA" signs (and spent good government money Googling "fisting" just for kicks). So, do tell, sir, if this isn't a bailout, you're going to have to define what it is.
Call me ignorant (or anything else you'd like to) but it quacks like a motherfucking duck.
European Commission President Jose Manuel Barroso has said any euro zone aid package for debt-stricken Greece would not constitute a bail-out as European Union partners clashed over possible financial support.
In a interview with the Financial Times published on Tuesday Barroso, hoping to reassure markets by finalizing a financial safety net for Greece, also said he was confident of winning German backing for a deal.
"I know Chancellor Merkel. She is a committed European and I have no doubts that she will, if needed, be in favor of providing financial assistance to Greece," Barroso told the FT.
The 16-nation euro zone is divided over whether and how best to provide financial help to Greece, whose struggles to cope with high debt and deficits have plunged the currency bloc into the deepest crisis of its 11-year existence. EU leaders are slated to meet March 25-26 to address the crisis.
Wait, it gets better. I hope you all are Kumbayaing over there as we speak because you're going to need that We Are the World hand-holding bullshit to get you through, Europe. Seriously.
Let's all have a vigil for the euro now.
Seeking to build consensus Barroso repeated an appeal to Germany's interests as the biggest economy in securing a stable single currency area, which is its number one export market.
"There is no stability without solidarity and no solidarity without stability," he told the FT.
That sounds like hokey European socialist bullshit if you ask me but whatever works for them I guess. We can't say Mexico exactly came running to help US when OUR economy was in the toilet so maybe I'm just bitter.
Barroso also expressed concerns over the "theological debate" surrounding a little IMF hand-out to plug Greece's massive monetary hole. I'm not sure what exactly he thinks is theological about the argument unless he has confused money with God somehow (happens) but can someone please have a sit-down with the man and explain what's actually going on? Thanks.