Yep, good for Grease - they are telling Germany and others to SHOVE IT. I love it.
Good for Greece? They just elected someone who is telling them what they want to hear. Trouble is, it is disconnected from reality. They can repudiate their existing debt, but who will buy their new bonds? They can print $$, but it will buy nothing outside Greece.
Basically, they are like a chicken running around with it’s head cut off.
Good for Greece? They just elected someone who is telling them what they want to hear. Trouble is, it is disconnected from reality. They can repudiate their existing debt, but who will buy their new bonds? They can print $$, but it will buy nothing outside Greece.
Basically, they are like a chicken running around with it’s head cut off.
???...
“Yep, good for Grease - they are telling Germany and others to SHOVE IT. I love it.”
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Good for Greece? Actually it’s bad for Greece...VERY bad. Germany and other northern European economies have been subsidizing Greek consumption for many years. That will be coming to an end I would suspect. I think that the Greeks will be looking back upon their “austerity years” as the “good old days” before all is over.
They’ve run out of other peoples’ money...they’ll have a hard time finding other suckers to give them things in the future.
The Huns are getting awfully tired of carrying the Greeks maybe time to pitch them out of the EU