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> You've got robust social safety nets Depends which EU country he is living in (though he said Europe). Italy pension system is hazardous. Greece is in the EU
by csomar 5y ago
> You've got robust social safety nets
Depends which EU country he is living in (though he said Europe). Italy pension system is hazardous. Greece is in the EU too, by the way.
- toomuchtodo 5y agoAsking because I don't know: what are the odds Germany and France by way of Brussels bail those folks out?
- imtringued 5y agoGermany will never run an trade deficit out of a stupid sense of pride, it's completely irrational, so 99%. Just think about it. If Greece needs x billion € to pay its debt off the most logical way to deal with the problem would be to just buy a huge amount of Greek products rather than send x billion € directly.
- csomar 5y agoMy guess is, they'll help it like they did with Greece (maybe a bit more generous) but they'll have to pay a big part of the bill (ie: austerity)