Greece

[milliezoe]

Why should we the taxpayers have to stump up money to bail out Greece its reported that as we pay 5% into the IMF we will contribute to the package cobbled together to bail out Greece we should not have to pay for economic mismanagement of another country we have enough problems of our own

[mollykins]

And what about the international aid money we give to other countries that have just had a natural disaster? when the country is fine and dandy we should help poorer countries, but when we are in financial turmoil, shouldn't we get our selves out of trouble first?

[jno]

we went to the IMF when we needed to. As far as I know, Greece contributed to us then.

[jake-the-peg]

These are loans to the IMF

http://uk.reuters.com.../idUKLJ48416520090320

It's like you saving money with the bank and them lending your money to get a failing business back on its feet

If a western national Government were to default, any western national government it would shake the confidence of the markets to the extent that it would make it much more expensive for all governments to raise money.

If Greece defaulted the markets would say "Nobody helped them maybe if we lend you money and you get into difficulty the same would happen"

it's in everybody's interest that confidence in National Governments is maintained