I heard on the TV that next week the BRICS Finance Ministers or delegates will be meeting under the auspices of Washington to try and formulate a solution to the Greek debt crisis. And - Why not ?
I think it is a brilliant idea. I really think if they 'farm out' the risk and spread it
thinly across more nations, the problem may become solve-able. 50 percent plus on 2-Year Greek Bonds seems exhorbitant. Sincerely, I feel our Greek friends should be helped. If financing charges are lower (much lower), they can breathe easy and get back to restoring their economy to health. If we put kindness into the world system, it will eventually help us all. A friend in need is a friend indeed.