• This is a political forum that is non-biased/non-partisan and treats every person's position on topics equally. This debate forum is not aligned to any political party. In today's politics, many ideas are split between and even within all the political parties. Often we find ourselves agreeing on one platform but some topics break our mold. We are here to discuss them in a civil political debate. If this is your first visit to our political forums, be sure to check out the RULES. Registering for debate politics is necessary before posting. Register today to participate - it's free!

Brazil rejects Europe debt purchase plan

Cold Highway

Cold Highway

Dispenser of Negativity
DP Veteran
Joined
May 30, 2007
Messages
9,595
Reaction score
2,739
Location
Newburgh, New York and World 8: Dark Land
Gender
Male
Political Leaning
Libertarian
European leaders had floated the idea that developing nations including Brazil and China could provide funding to buy Euro zone bonds, which would help lower yields and ease pressure on countries such as Spain and Italy.

But Brazilian Finance Minister Guido Mantega echoed calls for Europe to solve its own burgeoning fiscal problems, saying Brazil had no intention of making such purchases.
"I believe that European countries do not need funds from Brazil to buy bonds. Brazil is not considering it," Mantega told reporters in Brasilia. "They have to find solutions to the European problems within Europe."
Click to expand...

Brazil rejects Europe debt purchase plan | Reuters

Memo to retards in DC: Take the hint
 
Cold Highway said:
That eventually China is going to no to continuing buying US debt and to get the house in order.
Click to expand...

Oh - well China's outright said they'd stop gov to gov - but business to gov is a different beast.

However - the government will never get the hint. Ever.
 
Cold Highway said:
Brazil rejects Europe debt purchase plan | Reuters

Memo to retards in DC: Take the hint
Click to expand...

How the times have changed!

Now former a communist country and developing countries are being asked to help finance long established world democracies, and rightly rejecting them.

Alexis De Tocqueville's "Democracy in America" and Hayek's "Road to Serfdom" should be taught in all schools everywhere.
 
You must log in or register to reply here.
Back
Top Bottom