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Greece, Ireland, etc. are not being bailed out. Duetsche Bank is being bailed out. Greece and Ireland have been given guaranteed loans at high interest rates.
by yequalsx 16y ago
Greece, Ireland, etc. are not being bailed out. Duetsche Bank is being bailed out. Greece and Ireland have been given guaranteed loans at high interest rates. It's money that they are paying back (provided they don't default). Germany is propping up its banks that made bad bets.
- Derbasti 16y agoYou sure they are going to pay that money back? I would not bet on it.