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'Merkozy' tells Greece to put earnings into special fund to make sure it pays off debt...
UK Daily Mail ^ | February 6, 2012 | Lee Moran

Posted on 02/06/2012 7:29:22 AM PST by C19fan

France and Germany has controversially told Greece it should place state revenues into a separate fund so it can pay off its crushing debt - to avoid bankruptcy and prevent the crash of the single currency. French President Nicolas Sarkozy told a Paris news conference, with German Chancellor Angela Merkel, that Greece's new leaders must also 'take their responsibility'.

(Excerpt) Read more at dailymail.co.uk ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: debt; euro; germany; greece
The only difference in how Germany and France is treating Greece to how other countries were handled with debt problems in the 19th century is the two are not sending gun boats to take over the harbors and custom houses to collect.
1 posted on 02/06/2012 7:29:39 AM PST by C19fan
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To: C19fan

Once again it brings back to mind the truth of the saying from Shakespeare:

Neither a borrower nor a lender be,
For loan oft loses both itself and friend,
And borrowing dulls the edge of husbandry,


2 posted on 02/06/2012 7:48:42 AM PST by The Working Man (The mantra for BO's reign...."No Child Left a Dime")
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To: C19fan

That is probably because they realize there is nothing of value to seize.


3 posted on 02/06/2012 8:09:30 AM PST by proxy_user
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To: C19fan
'Merkozy' tells Greece to put earnings into special fund to make sure it pays off debt...

We should let them use the Social Security Lockbox.

It's practically new - hardly used!


4 posted on 02/06/2012 8:10:23 AM PST by Iron Munro ("Don't pick a fight with an old man. If he is too old to fight he'll just kill you." John Steinbeck)
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