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zzyzzx
@
2011 Jun 13, 4:01am
Isn't it more a matter of when than if Greece defaults?
Where is APOCALYPSEFUCK when you need him to comment?
Isn’t it more a matter of when than if Greece defaults?
Where is APOCALYPSEFUCK when you need him to comment?
It looks like we are getting very close to finding out. It seems like every six months, Greece needs a rescue. The EU should just let the chips fall.
It looks like we are getting very close to finding out. It seems like every six months, Greece needs a rescue. The EU should just let the chips fall.
Though, IMO, defaulting on the debt is the right choice for Greece so they can start out with clean slate just like US personal bankruptcy law. However, cronies in Greece government will fight till their last breath to make sure the riches/banksters will not have to pay for the loss. They want the citizen to pay for the debt via tax increase or cut in social service. What's more, they will sell public properties to the creditors(other banksters) as means of collateral.
Everyone knows Greece can't really pay off their debt. This is the last act to make sure creditors will have their share of Greece carcass when Greece can no longer be milked.
Feel sorry for Greece citizens. And, what is playing out in Greece is the similar story will happen to US.
zzyzzx
@
2011 Jun 20, 1:47am
I would get some gratification if Grees did default and the result was the nobody would lend governments money any more.
zzyzzx
@
2011 Jun 21, 1:20am
Haven’t wars started because of defaults in the past?
I really don't see France, UK, and Germany invading Greece and occupying it until the debts were paid.
Personally, I'd prefer to see France, UK, and German banks refuse to lend other governments money in the future.
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How will it affect US market? Greece had one bailout, I don't think another bailout will do any good except providing chances for creditors to invade Greece with financial weapon. In my opinion, the best way out for Greece is to default and demand a restructuring of its debt. But, the Greece politicians will definitely against this route as they are all bought out by IMF and ECB.