country bailouts worldwide?
greece and spain are getting bail outs now america is get bailouts soon states how would this change the world?
and who would get rich?
- MikeLv 610 years agoBest Answer
They are know as the "PIGS", Portugal, Italy, Greece, and Spain. They really should be known as the "PIGS & I" to include Ireland also.
It is primarily the PIGS that are causing the the Euro to decline and the markets to drop.
If the EU bails out those countries, there won't be any major long term effects but if they don't, it will be the investors who purchased the "Credit Default Swaps" that will benefit and markets around the world will decline (investors that purchase "Puts" will benefit from that).
It is always the short term speculator that benefits from any crisis.
- 10 years ago
It's part of looting world economies. The central banks around the world inflate their countries (Federal Reserve - USA; Bank of England - UK; etc) to loot them with deflation. Sometimes they or their corporations (which they own) take big losses and need money, so they get the government to give them free money to make up their losses so they can go on looting the economy. It is not unlikely that countries with central banks will have bailouts, as the economic systems are the same even if the political systems are slightly different.
- Guru HankLv 710 years ago
No. Greece is getting turned into an EU franchise operation. This is not the same as a bailout. They are doomed. Civil war starts on Feb 24th with a general strike.
I told everybody this would happen.