On 2/11/2011, Prime Minister Julia Gillard has arrived at the G20 meeting in Cannes for talks likely to be dominated by the Greek decision to seek a referendum on the debt recovery package.
http://www.abc.net.au/lateline/content/2011/s3354732.htm
Experts said that this is an endless cycle. They compared it with the old story "There's a hole in my bucket"
. The rich country are afraid that they can't get the money back, so they increased the interest. But by increasing the interest, the greater the chance of can't get them back.
The solution is to create a huge fund but with low interest. However, it needs support from many rich countries, however, they're just can't do that since they don't want their money to go down the drain, some even afraid creating such a huge fund like that could make them become the country in debt. Therefore, this problem seems keep on and on.
This reminds me of the movie"liar games" of Japan.
Sometimes the solution is quite simple, everybody knows that, they just can't believe in each other!
http://www.abc.net.au/lateline/content/2011/s3354732.htm
Experts said that this is an endless cycle. They compared it with the old story "There's a hole in my bucket"
. The rich country are afraid that they can't get the money back, so they increased the interest. But by increasing the interest, the greater the chance of can't get them back.
The solution is to create a huge fund but with low interest. However, it needs support from many rich countries, however, they're just can't do that since they don't want their money to go down the drain, some even afraid creating such a huge fund like that could make them become the country in debt. Therefore, this problem seems keep on and on.
This reminds me of the movie"liar games" of Japan.
Sometimes the solution is quite simple, everybody knows that, they just can't believe in each other!
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