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45 sats \ 1 reply \ @Coinsreporter 18 Jul \ parent \ on: Germany's Debt Crisis Deepens Amid Record Investments econ
Ahh, ok! So it was like a business deal where one company that's running in loss is taken over by another country only to rescue but the loss was so deep that the profit making company couldn't get over it by even giving it away their best??
yes, you could say that. there is also the problem of the euro-dollar market: a number of financiers of European government debt, some of whom were denominated in dollars, came from the USA and would never have agreed to a haircut, for example Freaky may and funny Mac or whatever those things were called
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