Václav Klaus: When will the eurozone collapse?

Václav Klaus ^ | April 22, 2010 | Václav Klaus

[Leisler]

Oh, back in the old days, a few years ago, when Greek state numbers were the gold standard. Right. Veritable Swiss they were. Shame really.

I don’t know who loaned, or didn’t, to Greece, and neither do you.

I doubt the majority of European depositors ‘thought’, at all. Most people don’t. They just walk around with a bag on common notions, but thinking it isn’t.

Why would Greece default now, when they can squeeze the EU for two, three hundred billion in the next few years? No, they should wait, there’s more to get. Then when it is absolutely not possible, after they do, which they haven’t yet, the ‘you loaned us half a trillion’ don’t you want to give a few more, after the threats are overt, not just implied, and after like a guy being blackmailed the EU finally admits, then and only then should Greece default.

But, right now European banks want their chestnuts pulled out of the Greek fire by taxpaying European citizens, and through the IMF, Americans.

[JasonC]

Right, because they should have lent to fine upstanding American homeowners instead - no wait. I think there is something a little off in your idea that it is Europe and the culture of Greece that is at fault here. What with capitalist Americans with their robust culture of self reliance having stiffed their creditors to the tune of $3 trillion in the last 2 years alone. Which is, let's see, $3 trillion more than the Greek government has cost their creditors.

I've got this crazy notion that people should actually pay their debts as contracted. Silly me, I think that part of the notion of property in the first place and of capitalism. But you know better, the "rule of the street" is default on everything to stiff all the marks you can, and you consider this "conservatism". Well it isn't and you aren't either.

Greece has the ability to pay, and it is calling in all the political pull it can to pay as it owes. That makes them a vastly better credit and vastly better people than oh say, you are.

[Leisler]

Bigger action, amounts not impressive. Anyways, Creditors got the homes back, too bad they were the last fools in on a speculative bubble. See if Paulson will give them change for a cup of coffee.

It should be a lesson to them. They were all more than happy to ride along with Fannie/Freddy and all the other government intervention, distortion, support, inflation. Suckers.

Human nature, and it isn’t pretty, is the foundation of classical conservativism. Symbols, scratches on paper, contracts though a imagined chain of multiple parties are all more distant than the street.

You need to read more. Start with Locke’s Second Treaty, or Machiavelli, The Prince maybe first. One or the other, but both together.

[Leisler]

Where do you get off on FR calling posters invectives, as you do repeatedly, to many? Who made you King?

[Leisler]

"I know everything about political philosophy ever written."

snicker.

[JasonC]

Try me.

[Leisler]

It's ( clearly ) the ridiculously absolutists statement, not the topic.

You have a problem. Social, psychological, something.

whining deadbeats...
You are a parasite ...
You simply hate richer men, think everything they earn belongs to you for nothing...
Crawl back in your hole, worm....
God how you knuckle dragging finance haters steam me...

Why would you post here? What's your purpose? Certainly no one on the other side of any thread. You're about as positively critical, and liked, as Stalin's midget.