Collateral is in order. I would suggest the Elgin Marbles. They are ancient perfection and of immense, imeasurable valuec
Proving once again that the whole bailout is impossible. If everyone’s broke, they can’t bail each other out except in a big check-kiting scheme.
Demanding collateral is smart, but the problem is that other than Ouzo, Greece doesn’t produce anything, and has nothing in the entire Country that is worth what these loans cost.
And what will our creditors require of us?
The Finns are blockheads but my Dad told me that they were the ONLY country to pay back their loans to our country following the 2nd World War and had his respect.
Where’s the European fund getting the money? American taxpayers?
...pony trekking and camping...
Are you kidding???
Greece can offer Findland ALL of the artwork in the National Museum in Athens.
If that's not enough, there are plenty of other antiquities in Greece. Including the Parthenon! The Erectheon! The Praxililes now at Olympia!
If the Greeks can't live within their means, they can pay for their foolishness with their national treasures.
MESSAGE TO FINNS: DEMAND COLLATERAL! THE GREEKS CAN PAY IT!
It's good to know that there are some people out there with common sense.
The Greeks are still complaining about the loss of the Elgin Marbles, the Venus de Milo, the Victory of Samothrace! Maybe the loss of the bronze Poseidon (now in the National Museum) will knock some sense into their heads.
I do not feel sorry for them one bit. They knew the consequences of their folly. They can jolly well watch them come to fruition.
If ANYBODY ought to know the connection between hubris and denial (on the one hand) and tragedy (on the other) it's the Greeks!
Let 'em re-learn history!