Article

2012-02-11 Europe

The Cost Of The Combined Greek Bailout Just Rose To 320 Billion In Secured Debt, Or 136% Of GDP

Archived material is restricted to Rantburg regulars and members. If you need access email fred.pruitt=at=gmail.com with your nick to be added to the members list. There is no charge to join Rantburg as a member.

Posted by tipper 2012-02-11 12:15|| || Front Page|| [2 views ] Top

#1 They should just go chapter 11 provided the UK returns some marbles... otherwise chapter 7.

Posted by Water Modem 2012-02-11 12:45|| 2012-02-11 12:45|| Front Page Top

#2 The latest rumor is that, in order to help the Greeks if Merkel says nein, Germans will scoff a bottle of Ouzo in celebration.

Posted by tipper 2012-02-11 12:59|| 2012-02-11 12:59|| Front Page Top

#3 maybe the German Wehrmacht should invade and take over Greek. Reorganize, and become legal guardianship.

Posted by texhooey 2012-02-11 14:04|| 2012-02-11 14:04|| Front Page Top

#4 texhooey, AFAIU that's pretty much what happened. Papdemos (whatever) was the handpicked ECB technocrat that was supposed to force all the German austerity measures through the recalcitrant Greek parliment.

Posted by AlanC 2012-02-11 14:28|| 2012-02-11 14:28|| Front Page Top

#5 Can we just bulldoze it all and start over?

Posted by Iblis 2012-02-11 16:25|| 2012-02-11 16:25|| Front Page Top

#6 This is easy. Sell some of those islands. Isnt that how the US got Alaska and Florida? I know some buyers. The Russians want a warm water port - and then perhaps might then not need to protect Syria'a back (and its Syrian port used by the Ruskies). The Turks have always thought some of those islands are theirs. (the actual ownership has transfered many times) The Palastinians need a real home. And the Isrealites need land (so it seems) The Brits need a warm water island to vacation on as does all the Northern Europe countries. This could all be done and the blessed Euro saved from serious depreciation. I am a synic of course. The Greeks main source of revenue is tourism and they are doing a great job of reducing that to rubble. The Greeks only represent 2and half percent of Europes GDP. Why fund this nonsense. Sell those islands!

Posted by Northern Cousin 2012-02-11 17:11|| 2012-02-11 17:11|| Front Page Top

#7 Why that's exactly where we are.

Posted by newc 2012-02-11 17:19|| 2012-02-11 17:19|| Front Page Top

#8 The American schadenfreude with respect to the Europeans will be on the other foot when the Greeks leave the Euro and EU only to petition to join the Dollar and the U.S.

As a self-governing "Commonwealth" just like Porto Rico has been for over a century.

Posted by rammer 2012-02-11 19:19|| 2012-02-11 19:19|| Front Page Top

#9 "the Greeks leave the Euro and EU only to petition to join the Dollar and the U.S."

They can petition all they like.

Not only no, but HELL NO.

Posted by Barbara 2012-02-11 19:58|| 2012-02-11 19:58|| Front Page Top

#10 ..well, newc, there's always trading California to China for all those US Treasury debts they're holding, with a 100 year retention lease on the San Diego area with option to buy back.

Posted by Procopius2k 2012-02-11 20:42|| 2012-02-11 20:42|| Front Page Top

22:59 Chesh Squank6666
22:48 trailing wife
22:46 trailing wife
22:35 trailing wife
22:08 JosephMendiola
22:02 JosephMendiola
21:33 JosephMendiola
21:21 SteveS
21:12 JosephMendiola
21:06 jack salami
20:55 JosephMendiola
20:45 Barbara
20:42 Procopius2k
19:58 Barbara
19:51 Procopius2k
19:19 rammer
19:11 Water Modem
18:56 gorb
18:48 Zhang Fei
18:42 Thing From Snowy Mountain
18:32 gorb
17:43 Abu Uluque
17:19 newc
17:19 Zhang Fei