Let Greece crash and burn. This charade is more about Eurozone face-saving than Greece’s future. The Eurozone was doomed from the start. It was always just a matter of time, a time which has arrived.
And, I believe, they are determined to repudiate their debt and start over.
Just like we will someday do.
Sometimes the debt is just tooooo big to pay.
I don’t know a lot about this, so please excuse a question.
What if Greece simply said it was going back to being an independent country ... (started its own drachma currency again, etc.)? ...
I’m glad I had a chance to visit Greece before it was owned by Germany!
Deutsche bank is holding over 57 TRILLION dollars in Credit Default Swaps related to Greek Debts.
Ripping that bandaid off is gonna hurt.
These Germans are insensitive.. They should keep working hard and into their 70’s so that the socialist degenerate Greeks can work until only 50 and then lay around drinking coffee. Have they no conscience???
Ultimately, these repeated bailout funds are no more than throwing good money after bad. None of it will be repaid. Yhe sooner Greece goes under economically and goes away politically the better for all concerned. If it precipitates a breakup of Europe, well better now than later. The longer the crash is delayed the longer the fall and the harder the crash.
Greece is the canary in the liberal coal mine. Putting a gas mask on it isn’t going to help the others in the coal mine one bit.
There, fixed that.
Yes, I know almost everyone in Europe is saying that Tsipras is a "madman". I agree with The Telegraph's editorialist on this: the madmen are the people who designed the euro and who think it's still a workable idea.