I sometimes wonder if Andrea is gettable.
Posted on 06/28/2015 6:46:15 PM PDT by Tolerance Sucks Rocks
Edited on 06/28/2015 7:33:00 PM PDT by Admin Moderator. [history]
Greece and its principal creditors
(Excerpt) Read more at washingtontimes.com ...
The author misses the point. The reason to keep this going is to continue to sell Greek assets, such as they are, at fire sale prices.
What amazes me is that the Greek people continue to tolerate it.
The Greek people want lots of government jobs, with early retirement ages, sizeable pensions, and no chance of a reduction in their cost of living. And they want the rest of Europe to make up any shortfall they have in their own economy.
They have voted over and over for politicians who have promised them that they can live forever beyond their means by borrowing more and more money.
They are now paying for their lack of foresight and their abysmal math skills.
Can't think of anything else I ever got from that country. They did send us Mike Dukakis and I'm not crazy about that export. Maybe Dukakis should go back there as it's his kind of country. Lots of government jobs with big pensions and early retirement.
The bill is coming due and their government is squeezing hard for tax payments. They won’t get it.
They’ll be repudiating soon.
The banks and hedge funds over-lent to Greece and expect to be bailed out. Greece should stop paying and let greedy lenders swing in the wind. The over-lending banks are as much at fault as Greece... Lending to an untrustworthy borrower without secure collateral is folly. Banking 101. Banking 102 teaches to buy governments and leaders. Banking 103 is getting your government to buy your bad loans from you at 100 cents on the dollar.
Will Spain and Italy be next?
The EU has poured hundreds of billions of dollars to build airports, roads, and other infrastructure. On balance, the Greeks have received far more in benefits than they contribute. The EU made a colossal mistake in allowing them to join. I lived three years in Athens. Corruption abounds.
Exactly—Greeks want to continue to receive government payouts that they didn’t earn, at the expense of harder-working Europeans who already have gone above and beyond in lending to them.
Pretty much the same as those who advocate “forgiving” student debt here in the US. Why should such debtors be subsidized by those who have to compete with the leaches on an increasingly uneven playing field?
As long as the Greeks continue to be political (socialist, bordering on communist) idiots, they’ll continue to hurt themselves as well. No reason for more responsible people and countries to enable it.
“They have voted over and over for politicians who have promised them that they can live forever beyond their means by borrowing more and more money.”
We have a lot of nerve bringing pointing this out to them, IMO.
“Pretty much the same as those who advocate “forgiving” student debt here in the US. “
I have such mixed feelings about this...no doubt, these people were sold a bill of goods by several different parties in the education/financial juggernaut, but they bought it...and the moral hazard and complete outrage of a “forgiveness” would make a lot of people, including me, pretty darned mad. If I was making $15 flipping burgers while paying off the debts of someone with an MA in Pan-African Womyn’s Music Studies, I’d just quit and go on welfare or panhandle.
“They did send us Mike Dukakis and I’m not crazy about that export.”
There are exceptions like the one you give, but I suspect that we got a pretty good chunk of their smart/hard working/industrious people.
Yep, if laws were broken in “selling them a load of goods”, that should be dealt with. I’d take the government out of student loans altogether, myself—but I wouldn’t forgive any debt at the expense of Joe Q. Taxpayer.
The Greeks live on borrowed money. It will only work if the Greeks cut off the benefits and start actually working for a living
California vs Greece, tough choice.
“Greece should stop paying and let greedy lenders swing in the wind.”
Maybe we all can just repay loans made to us by humanitarian lenders.
I sometimes wonder if Andrea is gettable.
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