I am sure from a Marxist-Lennist point of view this makes perfect sense. The debtor is broke and cannot pay any part of the debt, so the creditor is morally obligated to continue to lend money to the debtor.
Greece is unwilling to give up their sugar daddy under any event.
Or perhaps a better analogy would be a parasite and a host.
Great, lets draw out the misery with a long and arduous court process. Do you honestly think capital flight will stop while you’re doing this? You have to KEEP the banks shut down, you numbskulls. Can you do that for MONTHS?!
Maybe Greece should consider a visit to a pawn shop....
The criminal cartel of self declared business leaders of the vaunted “New World Order”, originating from a failing socialist grouping of disparate European nations, have spectacularly failed in creating or sustaining a mythical European Union.
Welcome to the onset of WWIII.
Too bad for them they can’t sue in SCOTUS.
5 of the justices would find their contracts meant whatever Greece wanted!
As an American, I need to decide if I favor this or not. How many drachmas would I get for the dollar vs. the current EU/dollar exchange rate which is about 1.11 Euro per dollar. I’m considering vacationing there next year.