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But if the Euro slides, the Arabs selling the oil will then be able to buy more EU products. In the end, it will all balance out - do you think the failure of
by RobGR 17y ago
But if the Euro slides, the Arabs selling the oil will then be able to buy more EU products. In the end, it will all balance out - do you think the failure of the Greek national government to honor it's honds will cause a drop in demand for any of the products of the Netherlands, such as electrical parts or refined petroleum products ?
Of course, if one of the main products of the Netherlands (or Europe, or the United States) is itself bonds, similar to how some small governments fund themselves by selling collectors stamps, then you might be screwed by a general fall in demand for bonds. However that situation is unlikely to remedied by selling more bonds to buy back the Greek bonds.