Rather than throw money at the IMF and Eurozone governments,maybe we could help by buying some Hard Assets things like the Louvre,Colosseum or even a slice of Tuscany...throw in a few profitable utilities and then we can turn a profit.
I can't remember the Australian government coming to the aid of distressed mortgage holders,or the banks being willing to help out the average punter by just handing over cash with little obligation to pay it back.But through our hard earned tax dollars we have to prop up these greedy corrupt institutions.
Why are we so eager to help when out a group governments that have become lazy and top heavy.....much like anyone who lives life beyond their means there comes a point when you have to take your medicine.
As Europe heads into recession,Asia will take up the slack.
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