Article

2015-01-28 Europe

Greece full debt repayment unrealistic: Syriza

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 Fred 2015-01-28 00:00|| || Front Page|| [2 views ] Top

#1 It is all of those silly entitlement programs of the liberal socialist paradise that make debt repayment unsustainable.

How can you repay debt with over 50% of the people work for the government and you can bet more money unemployed than you can by working?

Posted by Mystic 2015-01-28 00:13|| 2015-01-28 00:13|| Front Page Top

#2 Ditto as per recent MSM-Net Artics on US Debt.

Is the US going to pay its debt - the answer from the Bammer Admin is seemingly a "yes"???

Posted by JosephMendiola 2015-01-28 01:21|| 2015-01-28 01:21|| Front Page Top

#3 Fine Greece. Default. Vote to spend more. Wheres it come from? Your printing presses? OK - without banking to back it, get ready for a replay of Weimar Germany and hyperinflation inside your borders when the Euros kick you out and you have to go back to the G. Drachma.

Posted by OldSpook 2015-01-28 03:22|| 2015-01-28 03:22|| Front Page Top

#4 Trouble in EU Paradise?

Posted by g(r)omgoru 2015-01-28 03:26|| 2015-01-28 03:26|| Front Page Top

#5 "It will be a final signal that this is a Europe that can't incorporate democratic change and it can't incorporate social change."

Oh, that's rich.

You can borrow money from someone, spend it all on comfort, and arbitrarily declare that you aren't going to pay it back because not paying it back equals "social justice".

The accurate term is "larceny".

If the value of your labor to other people only affords you enough money for rice and beans, demanding a sirloin is stealing and thuggery.

Posted by no mo uro 2015-01-28 06:00|| 2015-01-28 06:00|| Front Page Top

#6 Greece is going to demand Germany pay for Nazi war crimes. They'll burn through that money in a few hours if it ever happens. Very doubtful.

Posted by Deacon Blues 2015-01-28 07:55|| 2015-01-28 07:55|| Front Page Top

#7 They will of course be shocked that no one wants to sell them anything unless it's cash up front.
Maybe they can talk to Maduro in Venezuela about options.
Eurocrash in 5,4,3 ...

Posted by ed in texas 2015-01-28 08:14|| 2015-01-28 08:14|| Front Page Top

#8 The Germans, no fools when it comes to finance, have spent the last couple years dragging the rest of the EU to the point where they can handle the Greeks. They can boot the Greeks from the euro, fix the German banks who are left dangling, and mitigate the damage to the rest of the EU banks.

The Greeks then will have a drachma that becomes increasingly devalued while Germany just goes on going on. Merkel is going to take a hard line on this one.

Posted by Steve White 2015-01-28 08:35|| 2015-01-28 08:35|| Front Page Top

#9 and investment in Greece will die. They are on their way to nationalization and confiscation since nobody will loan to them again

Posted by Frank G 2015-01-28 08:56|| 2015-01-28 08:56|| Front Page Top

#10 "We need a distraction. 'The Malvinas have always been Greek!' should work.."

Posted by Frank G 2015-01-28 08:57|| 2015-01-28 08:57|| Front Page Top

#11 "with over 50% of the people work for the government"

I have to explain to my government worker friends that when they say they pay taxes, it more like they're actually 'leaving' their money in the pot that's filled by the private sector businesses and workers.

Somehow, we're still friends (although a lot of them still don't really get it).

Posted by Mullah Richard 2015-01-28 09:03|| 2015-01-28 09:03|| Front Page Top

#12 Replace Malvinas with Cypress and you might have a strategy. if I were the Turks I'd watch Greek military spending and avoid any entanglements elsewhere for awhile. Might be an opportunity to solve the Cypress problem one way or another in the near future.

Posted by rjschwarz 2015-01-28 14:27|| 2015-01-28 14:27|| Front Page Top

#13 The Socialist Cycle
1. Promise everything to everybody.
2. Run up bills for #1, above
3. Issue paper to cover #2, above
4. Default on paper (#3, above) while blaming "Corporatists."
5. Install new Socialist Government to "Fix Things."
6. Return to #1, above.

Posted by Angineting tse Tung2201 2015-01-28 15:26|| 2015-01-28 15:26|| Front Page Top

#14 You &##$%** up. You trusted us. - To paraphrase Animal House

Posted by Procopius2k 2015-01-28 16:51|| 2015-01-28 16:51|| Front Page Top

22:58 SteveS
22:32 JosephMendiola
22:21 JosephMendiola
22:19 Rambler in Virginia
22:15 JosephMendiola
22:12 JosephMendiola
22:09 JosephMendiola
22:09 Harry Angomoth4592
22:06 JosephMendiola
22:02 Airandee
21:58 JosephMendiola
21:54 USN, Ret.
21:53 USN, Ret.
21:50 USN, Ret.
21:47 Barbara
21:10 Procopius2k
20:56 Frank G
20:54 JosephMendiola
20:13 Procopius2k
20:11 Silentbrick
20:11 Procopius2k
19:39 Rex Mundi
19:27 SteveS
18:51 Frank G