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To: ClearCase_guy

Explain to me how Greece is cleaning up? They are demanding to borrow MORE money without out imposing needed cuts in social spending.


6 posted on 07/07/2015 5:28:58 PM PDT by VRWCarea51 (The original 1998 version)
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To: VRWCarea51

Borrowing money to pay day to day operating (living) expenses is doomed.

Either the EU fasciocrats know this and have a different end game in mind they we are not privy to, or they are Keynesian morons that honestly believe this can go on forever.


12 posted on 07/07/2015 5:34:57 PM PDT by ChildOfThe60s (If you can remember the 60s, you weren't really there....)
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To: VRWCarea51
I won't push the analogy, as it is probably a stretch. But, if Greece "requires" money from Germany in order to continue to pay for its social spending, and if Germany refuses to lend that money, then Greece has not much choice. It can revert to the drachma and print trillions of them, or it can actually clean up. Will they go for the hyperinflation option? Maybe.

We will see. And maybe I don't have so much faith in Greece. But all of these games continue until such time as they CANNOT continue. Has Greece reached that point? I do not know. But at some point, the game will stop.

13 posted on 07/07/2015 5:35:57 PM PDT by ClearCase_guy (Henry Bowman where are you?)
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