Re: Eurozone leaders agree on new Geece bailout package
No country, nor group of countries, can vote to repeal the laws of economics.
Originally Posted by Voland
If the numbers don't work for Ireland, Portugal, Spain, and Italy, then investors will lose money investing in their bonds, and other investors will profit from their demise. Trying to demonize those other investors by calling them "speculators" doesn't change the laws of economics any more than voting does.
Rightful liberty is unobstructed action according to our will within limits drawn around us by the equal rights of others. I do not add "within the limits of the law" because law is often but the tyrant's will, and always so when it violates the rights of the individual.
-- Thomas Jefferson, letter to Isaac H Tiffany (1819)