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Originally Posted by thommy
no - and i explained you already why - greece was the biggest win of all eu-countries.
for what do they need bonds? and where is the interest rate of them now ?
a country also can easily print money and that is what they actually do. |
Now I'm not sure if you're teasing us or serious. Greece can't print money.
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but the problem of this crisis was not there there was no money - the problem was that nobody spend it.
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Greece had billions to spend and still it's economy nose-dived. The problem isn't spending, it's creqating a product people want to buy.
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to force this spendings the interest rates have decreased UNDER ZERO
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Bonds determine interest rates via the rating agency. Please study upon the subject.
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and the second effect is that any state can borrow money without interest and pay back older loans what are still intrest bounded and the fresh money is interest free.
everyone who had loans made that in the low interst phase. so WHY do they do it if there is no saving?
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Go research rating agencies and how they determine interests rate. Then study how countries issue bonds promising to repay the bond in a certain time at a certain interest rate.
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i am not an amatuer paul - i told you already that i have studied and TEACHED that.
so i will not know same about cameras as you might know but believe me that you do not know 1% of what i know about this topic.
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I have just proven you to be ignorant or a liar.
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UK fucked because they wanted to keep the pound. all forward calculations have been fucked by that decisions because they did not know how much in real they have to pay for something in the comming year.
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so why does the UK have such a high Credit rating?
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the same problem effected the exports.
goods are not produced and wait that someone comes an buy them.
goods are produced ON ORDER.
if you order something for 100 pound now and donīt know what the value of this currency is in the comming year - you have no reliable calculation base.
letīs say you are a british travel agency and you sell holidays in mallorca. that means you will receive a euro price for the next season. than you offer your customers this hotel for the next season in british pound when the pound is high. but in the next season when this customers are travelling and the bill is to pay the pound is low. means you pay more as you got.
this is a risk - and no serious business man likes risks.
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Yes this will be a problem with imports until the GBP strengthens again. The upside is exports are cheaper and tourists booking a holiday in the UK win.
Your statements on Government Debt interest being tied to countries base rate of interests proves you're a fool or conning us. Which after all the insults you have thrown at others is amazing. The idea you taught economics isn't fooling anyone.