Joined: Jun 2000
International banking and economies--huh?
OK. Could someone with greater international economic savvy explain this one to me:
We're giving European banks $50 billion to help recover from attacks
Shouldn't it be the other way around? Shouldn't they be giving money to us?
I mean, I'm glad we're generous and I know that we have a high stake in their being a healthy international economy. I'm just confused as to how this move helps when we're not sure how we're going to raise enough money to pay for our recovery efforts.
I realize I must be missing something. Can anyone explain it to me in layman's terms?
"There are seven things that will destroy us: Wealth without work; pleasure without conscience; knowledge without character; religion without sacrifice; politics without principle; science without humanity; business without ethics." --Mahatma Gandhi
|09-13-2001 10:59 AM