Thursday, February 11, 2010

BBC News - EU deal 'agreed' on Greece debt woes

There was an instant reaction on the markets, where traders welcomed news of the deal. Major European markets rebounded from earlier falls and the euro rose against the US dollar.
BBC News - EU deal 'agreed' on Greece debt woes

To any free market or Hayek fans out there, the markets forced the governments to bail out another economy.  It is the free markets that force governments to do these bail outs.  Massive government bail outs, just like massive national debt, is the hallmark of Capitalism.
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