RE: RE: The Writing Is On The Wall??? The key here people is time, although it's clear Greece will eventually need to default..IMO....personally I believe the goal for Europe is that later is better for a variety of reasons.
If you bail-out now it provides more time for the banks to re-capitalize, it provides more time for the US to heal and kick-start World GDP growth, for China to re-tick their raining in of inflation and move back to continue growth and stop a hard landing, allows time for Italy to reduce debt so when Greese defaults it may not move to them next, you can go on and on, delay would help reduce the burdon on the world at this stage, giving more time to heal after the credit crisis, making it smaller issue down the road when all countries are growing again.....this is a few years out and probably wishful thinking.........ya but remember during 2008 would anyone have thought stocks would have been back to where they are now....I purchased GCE for $1, wish I held for 2 x years but didn't.....another story....but get my point!
And last but not least, with $130 billion bail-out and delaying and reducing the issue in the short term will allow more time for CMK to finish their full production plan, move to production, get a few great quarters under their belt at higher coal prices, and allow for a nice buy-out early next year before the market blow-up again.......LOL!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!