Well they got themselves there, let them get themselves out of the mess they have made....America has her own problems!!!
It doesn’t appear to me that Greece is in any position to be making demands.
In other words, most people giving us money have run out, so we need money from anyone who has any left.
I though borrowing was the Only way to prosperity?? See Obama
Just tell the creditors to go pound sand, refuse any and all restructuring of debt, complete write down of ALL DEBTS, nothing else go to a cash basis for everything.
Default, Greece. See what happens.
Seriously, it is the only answer. Investors (and debt enablers) priced all the default into it, if there can be no chance of default, then the rates should have been significantly lower.
I’m not saying play chicken with your economy - I’m saying your economy’s already gone, and time to man up and stand strong.
Interesting. BTTT
I don’t blame Greece anymore, this is solely Brussels fault for perpetuating the crisis.
Greece should have defaulted 8 years ago, it would have been painful but the new Drachma would have evened things out.
Instead, they bail out continuously pretending there is no crisis and trap Greeks in an arrested state of financial misery. All to preserve their power.
Sell the Parthenon or a few of your islands, you socialist slackers.
Reminds me of a local oriental rug store that has an annual ‘Going Out of Business’ sale.
About 16 years ago, a liberal colleague of mine just got back from a vacation in Greece. He was raving about their lifestyle and how he wished the United States was more like Greece.
I reminded him of that recently ... he claims that he can’t recall having said that.
I think once the SHTF there, there will be some kind of way to blame all of this on the United States ... that will be the crap he’ll regurgitate regarding Greece and the other members of PIIGS ... I’m sure he will then recall making that claim that he made 16 years ago and will say that had it not been for the evil USA meddling in world economic affairs, the 3 hour work week or whatever they have there in Greece would have worked well.
They need to rip the band aid off this wound and let the natural flow of things run its course. I am well aware that decision would lead to one hell of a war centermed mainly on the “peaceful, better, more enlightened than the USA” European continent, but the eventual outcome is only going to get worse as time marches on.
They’ve already bred two powermongers with visions of world domination in the past couple hundred years ... I guess its almost time for a third.
As far as the USA is concerned, we could do quite well if we’d just stay the hell out of the whole thing when it implodes ... we have more than enough resources and plenty of people looking for work.
The payments will NOT be made.
Its sovereignty is at an end.
Greece is now a vassal state.