Mittwoch, 17. März 2010

Griechenland will "geladene Waffe" auf dem Tisch liegen sehen

We would like to have a loaded gun on the table and hope never to have to use it,» said Finance Minister Giorgos Papaconstantinou after a meeting of European Union finance ministers in Brussels yesterday. The government believes that having the funds available will mean that it can borrow at lower rates, as it could help drive the spread on Greek bonds down."

Unser Vorschlag: einfach bei Hank Paulson nachfragen, ob der noch seine Bazooka hat.

Zur Erinnerung:

"“If you’re not used to thinking about these issues it seems counterintuitive,” Mr. Paulson, a former Goldman Sachs chief executive, told lawmakers at the time. “But if you’re used to thinking about the issues, it is very intuitive. That if you’ve got a squirt-gun in your pocket you may have to take it out. If you’ve got a bazooka, and people know you’ve got it, you may not have to take it out. … By increasing confidence, it will greatly reduce the likelihood it will ever be used.”
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