Posted on 06/28/2015 12:16:36 PM PDT by Berlin_Freeper
No, we’re talking about credit default swaps, not accumulated debt. Serious leverage in those. No one really knows just how much the exposure is.
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???
You need a credible link attached to your 57 TRILLION.
LoL!
So it seems.
Greeks are indeed stupid and lazy and have been trying to cheat the Germans and Europe in general this whole time. Their commie government was elected specifically by the people on the dim hope that they could vote themselves rich. Ireland and all the other countries going through with austerity are slowly but surely recovering. The Greeks want their welfare state without having to take their medicine.
Sure, the “elites” took the loans so they could bribe the voters rather than fixing their country. The voters still went along with it. All the Eurozone is is a welfare program for weaker countries like Greece to suck on the productive countries. But that only works so long as the productive countries can be bullied into paying.
I haven’t. I repeated what I was informed of by another FReeper precisely as I told you.
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 has to convince the bankers in Berlin and the politicians in Brussels that Greek government scientists are on the verge of discovering practical and cheap methods for tapping into dark energy. They just need a little more time and a few more billions of Eurinos.
Did you not get to the link? Did I mispost that?
I am rejecting your article as non-credible.
Goodnight.
I believe that a lot of money counted as part of the debt was money robbed from the ‘Social Security Trust Fund’ which is of course empty thanks to Congress.
Perhaps you will never need to collect SS but statistically that is unlikely.
I doubt that people with empty bank accounts will be in large numbers, in accord with your position stated
No more retirement at 50. Folks would have to start working for a living. No government pensions or payroll unless the government started collecting taxes.
No thanks. If folks want to donate, they should donate to FR. Let the blogger that runs Zero Hedge finance himself.
Social Security will always be paid. What might happen is eligibility rules might change or COLAs might disappear. But it's just good economic sense to distribute that money which will be almost 100% spent by recipients.
What people should be worried, really worried, about is that pensions have all but disappeared and savings for retirement are accruing next to no interest. It's going to make a higher percentage of retirees in the future totally dependent on Social Security.
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.
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