Japan buys 13% of eurozone rescue fund sale
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some14some
Japan should buy more because yen is still too strong.
1
tokyokawasaki
NO, no, no. They have not bought anything. It is just clever phrasing.
What Japan has ACTUALLY done is to LEND $338 million to the Eurozone rescue fund, so the Eurozone rescue fund can lend this money to the countries that are already crippled financially due to their existing debt...
Net results, the countries in trouble have a temporary reprieve whilst increasing the size of their debt (just delaying the pain)... Whilst the major banks who broker the sale and purchase of the bonds (the middlemen) earn their commissions.
The whole world has gone mad.
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