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Switch to Forum Live View A possible solution to the on comming ecconomic crisis, which should be fair to all sides.
3 years ago  ::  Mar 07, 2015 - 5:00PM #1
Posts: 537

A european solution:-

The idea basically calls for all the bad loans bad debts from the public and the private sector to be held together, with over site of the european central bank, and another democratically elected body, all states and companies to therfore afterwards to have a clean balence sheet.

The central bank must then impose on all the banks regulations to restrict non GDP growth loans and rein in all bad behaviour.

the entire money owed is then to be paid back over the next 100- 150 years, by all companies that have used the facility and all states that have used the facility.

All monies that have been given to the banks by states must also be paid back by the banks and their share holders, the states will over the next hundread years pay back their part and the companies and banks will pay back theirs.

Hair cuts taken, 0% interest. Where a country is owed and owns money- these debts should be neturalised, swapped and simlified.

Private debt should not be allowed to be placed onto the public.

And all bad banking practices stopped. 

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