First of all Greek people need to pay their taxes.
Spains unemployment rate was 24% in 1994. It was 21% in 1985. Or 18% in 1998. Unemployment in Spain is traditionally 10% above northern countries or the US. So yes unemployment is high (we had a crisis and had a…
The US will also not pay back it's debt. This is not how it works. You do not pay off debt. You refinance debt with other debt. So this "There's no way Greece's debt can ever be repaid in full." is beside the point.
@euccastro Yes life was miserable with the Deutsche Mark. Oops it was much better for most Germans. China is in trouble because it controls it's own export destiny through it's currency? I think not.
In Germany many people live from going through garbage, you can see them everywhere in large cities. Kids from poor people need to be fed buy the Church. Pensions and social benefits were cut over the last decade,…
Yes and hopefully Germany picks an Euro exit. As is clear to anyone interested in the topic and listening to French government officials, binding Germany in the Euro was the price for reunification.
5-10 years? Not if you take a look at Argentina.
Germany successfully refinanced several German banks during the crisis and the current debt of Greece will not be payed fully back before 50 years. German EU contribution will be cut back. The impact to Germany will be…
I applaud the Greek Government. They show how important a nationalistic point of view is (as in "Greece first"). For 70 years no German Government could win on a nationalistic ticket. The vast majority of German elites…
Not sure this will work when countries do not pay back credits or bonds. Most countries today need to raise money to finance their spending. If everyone does this, the lending market will break down. Not sure that this…
“We are a Left-wing government." The government is a coalition of right wing nationalists and left wing - nationalistic - marxists. Not sure why this should be called a left wing government. Calling the government…
So cheating others who lent you money out of their money is democracy. Indeed this is radical. But breaking contracts is not something to base your future on if you're not self-sufficient.
The discussion over the last months was not about austerity - this was an 2014 topic - but about a plan for the future. The greek government did provide a plan without much detail, one you would not get any money from…
Everyone can decide to not pay back lent money and it's his or her right to do so. It does make getting contracts in the future much more difficult though.
First of all Greek people need to pay their taxes.
Spains unemployment rate was 24% in 1994. It was 21% in 1985. Or 18% in 1998. Unemployment in Spain is traditionally 10% above northern countries or the US. So yes unemployment is high (we had a crisis and had a…
The US will also not pay back it's debt. This is not how it works. You do not pay off debt. You refinance debt with other debt. So this "There's no way Greece's debt can ever be repaid in full." is beside the point.
@euccastro Yes life was miserable with the Deutsche Mark. Oops it was much better for most Germans. China is in trouble because it controls it's own export destiny through it's currency? I think not.
In Germany many people live from going through garbage, you can see them everywhere in large cities. Kids from poor people need to be fed buy the Church. Pensions and social benefits were cut over the last decade,…
Yes and hopefully Germany picks an Euro exit. As is clear to anyone interested in the topic and listening to French government officials, binding Germany in the Euro was the price for reunification.
5-10 years? Not if you take a look at Argentina.
Germany successfully refinanced several German banks during the crisis and the current debt of Greece will not be payed fully back before 50 years. German EU contribution will be cut back. The impact to Germany will be…
I applaud the Greek Government. They show how important a nationalistic point of view is (as in "Greece first"). For 70 years no German Government could win on a nationalistic ticket. The vast majority of German elites…
Not sure this will work when countries do not pay back credits or bonds. Most countries today need to raise money to finance their spending. If everyone does this, the lending market will break down. Not sure that this…
“We are a Left-wing government." The government is a coalition of right wing nationalists and left wing - nationalistic - marxists. Not sure why this should be called a left wing government. Calling the government…
So cheating others who lent you money out of their money is democracy. Indeed this is radical. But breaking contracts is not something to base your future on if you're not self-sufficient.
The discussion over the last months was not about austerity - this was an 2014 topic - but about a plan for the future. The greek government did provide a plan without much detail, one you would not get any money from…
Everyone can decide to not pay back lent money and it's his or her right to do so. It does make getting contracts in the future much more difficult though.