@Reuters Unless government revenue generation is not more than expenditure bail out will not work. Taxpayers money need careful investment.
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@Reuters Still have seen nobody in MSM contemplate#grdefault +#GRSTAY -
@darenpa72 w/out debt burden, states wld find much easier 2 avoid budget deficit. No deficit, no borrow. Rating irrelevant. -
@darenpa72 Even with a small deficit, they can still hold hands with the ESM - so again, rating essentially irrelevant. -
@darenpa72 They can pump up the ESM all they want. The board members work in "secret" - more debtload for the euro zone. -
@RasmusFaber1 ESM has limited cash to invest, but welcome to ESMbank - can leverage, can repo quality assets with ECB directly.
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@darenpa72 Just curious re: allowing ESM bank capacity. Does it sound like the ECB to let govts off the hook this way?#MoreMonetization
End of conversation
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@Reuters Ya DRAGHI going to print money now. They just don't get it. Debt, Debt and more Debt. What an uncontrolled mess of financesThanks. Twitter will use this to make your timeline better. UndoUndo
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@Reuters write off debt?! how come they get to be so lucky?Thanks. Twitter will use this to make your timeline better. UndoUndo
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