This is what happens when you run out of other people’s money.
Maybe I’m missing something here but why should Germany continue loaning money to a Country whose new leader has made it clear they have no intention of paying it back?
Greece needs to go bankrupt and cease to get any loans forever more. It’d be a great experiment in motivation.
...by borrowing more and more of them.
After the LIBERALS, SOCIALISTS and COMMUNISTS in Greece destroyed the Greek economy, they still believe that all they need is to tweek the Greek economy, just a little bit more, to correct all that imbalance. I’m glad that Germany has finally gotten smart.
If Greece is let off the hook without default, Italy will come begging next.
Then France.
The entire EU morass would bring down even Germany.
The EU would be throwing Greece into the loving arms of Russia. Now the Russian pipeline can run through Turkey to Greece.
http://money.cnn.com/2015/01/29/news/greece-russia-europe-putin/index.html
Those dirty Nazis, why won’t they give us more money, says the greek commie?
GREECE: “We are doing what is best for our people!”
GERMANY: “That’s exactly the same thing we are doing.”
GREECE: “It’s not fair to do the same as us.”
GERMANY: “A fair is where you go to get corn dogs and ride the Ferris Wheel. Go try that.”
Sound familiar?
Do it Greece! Collapse the EU!
What’s going on is exactly the opposite of what the citizens of Greece emphatically voted for several weeks ago.
Greece’s new prime minister won election on the promise that he would default on Greece’s loans and pull the country out of the Euro. So what is he doing defying his supporters by trying to make deals with Germany just as his failed predecessors did?
The new Greek prime minister is as bad as John Boehner and Mitch McConnell who have defied last November’s overwhelmingly Republican voters by acting as if Congress were still in the hands of the Democrats.
If defaulting on loans brought catastrophe, Argentina, which twice in the last two decades stopped paying its debts, would be in much more dire straits than Greece. All the Greek voters wanted was to be as well off as the Argentinians, yet its new prime minister refuses to honor his promises.
And how bad can it be to be out of the Euro when thriving countries like Britain and Switzerland are also out of the Euro?