Germany which had been traumatized by two episodes of runaway inflation was adamantly opposed to any bailout.
But the one-two punch of stimulus package and bank bailout did little to buoy optimism last week.
Ahead in London, look for the culmination of the two day EU summit that explored ways to firm up the current sovereign debt crisis and bailout issues.
His key idea was that Republicans should claim that up is down — that reform legislation is a “big bank bailout bill, ” rather than a set of restrictions on the banks.
In contrast, a bailout forces unwitting taxpayers to foot the bill for Greece's SINS.
The euro was already under huge pressure, and the plan to bailout Greece is in danger for several reasons.
Eurozone states, at the behest of Germany and the IMF, demanded steep spending cuts from Greece as the price of its bailout.
After news of a huge bailout and wave of cutbacks last May, "there was an instantaneous drop in prices," said Pavlos Yeroulanos, minister of culture and tourism for Greece.
The trouble is that the sponsors of the bailout fund are themselves big debtors.
That move plunged the country into further financial uncertainty, raising the prospect of needing a bailout like Greece and Ireland.
So the behavior of gold during a crisis depends on the type of crisis and whether gold is needed for liquidity purposes to finance war or a bailout, " he said.
I own a brokerage firm, but I didn't receive any bailout money.
Our unprecedented financial bailout and sloppy political rollbacks reflect a pervasive habit of mind in contemporary culture that demands another shot.
America's bank bailout plan was the catalyst for the current bounce.
It remains the only British dominion to abandon independence and subject itself to the Crown (which it did in 1934), a condition the British imposed as part of a financial bailout.
On a more positive, if cynical, note, the bailout being offered to Greece should help protect the Banks.
All this said, critics of the bailout have reason to be furious.
And even if they are successful, there is doubt as to whether such a plan could withstand another round of voting by the bailout-fatigued European populace.
The auto [bailout] sets a precedent I don't much like.
The passage of the enlarged euro zone bailout fund last week by all 17 euro zone members is just the first step required to bring any sense of normalcy back to the continental capital markets.
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