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Post by Mandochris on Oct 7, 2011 16:53:15 GMT
It would not be difficult to put into place some system to protect companies from half-wit traders. For example, if you buy shares in a company you cannot sell them within six months of purchase. That would an "investment" in the company, not in your own portfolio. That kind of change could happen but it would probably be impossible to get done because every country would have to sign up for it. WTF is the IMF for anyway, apart from banging chamber maids on an expense account.
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Post by Deleted on Oct 7, 2011 18:03:27 GMT
I think any 'developed' country could have protected itself and it's home markets better during the boom years - but they probably would have lost a fair bit of international business which would just have shipped out to a country with a more easy-going regime.
As you say, unless everyone signs up for these things and implements them fully then they won't work.
Like life everywhere, responsible governments/people have to bale out (bail out?) their more feckless neighbours when it comes to the crunch. There's not much incentive to be responsible if you don't care much about the future and just live day to day. Countries like Greece and Ireland must have thought that they'd reached the Promised Land when they joined the EC. I'd imagine your average German is very angry lately.
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