These enormous debt relief loans wouldn't feel so bad if they'd just stop doing it over and over again.<p>When a plane crashes or any other engineered system fails, analysis is (supposed to be) carried out and we try to make it so that it doesn't happen again.<p>When economies crash we loan them out and never really analyze or try to correct what made that crash happen, or at least that's the way it seems.
I wish that the media would break it's habit of assuming that an upwards movement in the stock market indices acts as anything like an effective judgement of a government program/policy.<p>Wall Street wasn't able to accurately digest the seriousness of the housing bubble crash until it was too late, what's any different this time around?
The title is misleading. This isn't a global bailout. This is the European Union protecting its currency by stating that the Union will stand behind the sovereign debt of member countries. It has little to do with the rich and everything to do with preserving the EU.