Greece Could Use Some Quantitative Easing
With the Euro-Zone levering Greece like legend has it that the I.M.F. levers nations that borrow from it, one wonders if Greece facing the prospect of being kicked out for default will look to the Russ-o-Zone, the China-Zone or even the Fagg-o-Zone for economic relief.
The Fagg-o-Zone states of the U.S.A., Canada and Britain have experience with quantitative easing from their central banks wherein they take bad debt from the sovereign big banks and sell it to their mint federal reserve when times are tough. Easily the Fagg-o-Zone could buy Greece and make it a protectorate as could the Russ-o-Zone, China-Zone etc.
If Greece becomes part of Russia the advantages to Russians and Greeks are manifest. Greeks can visit Moscow for air conditioning and Russia can get sun tans in winter. China would have a vast western trade facility and the Fagg-o-Zone could make shorter trips instead of going all the way to Thailand.
The Brick nations are perhaps too much second-worldish about them to purchase Greece and make it a part of their financial portfolio, yet plainly the Euro-Zone has no sense of brotherhood and financial love for those cast down to the miseries of insolvency; viva Scrooge!
No comments:
Post a Comment