Article

2016-04-22 Europe

Greece: We need debt write-off not austerity

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 2016-04-22 00:00|| || Front Page|| [5 views ] Top

#1 The financial oligarchy won't like that one bit.

Posted by Anguper Hupomosing9418 2016-04-22 01:52|| 2016-04-22 01:52|| Front Page Top

#2 Here's the key Prime Minister Tsipras. You make monthly payments until the balance is.... 'written off.'

Posted by Besoeker 2016-04-22 02:10|| 2016-04-22 02:10|| Front Page Top

#3 Actually it might have been cheaper and more productive for the US to pay off the world debt back in 2008. The economy certainly would have improved; however, like a freshman in college who has a bad experience with their first credit card the forgiveness comes with conditions. And in this case it would of been no more borrowing, no more Ponzi scheme retirement programs, no more public sector unions.....

Posted by Airandee 2016-04-22 06:35|| 2016-04-22 06:35|| Front Page Top

#4 We're not out of money. We're just out of checks.

Posted by SteveS 2016-04-22 07:25|| 2016-04-22 07:25|| Front Page Top

#5 SteveS, I actually lived that conversation when I was in school.

A bunch of us were hanging out and someone suggested that we go out to eat (about 1:00 AM) I begged off due to being flat broke at the moment.

VERY rich girl asked "Don't you have a check book?"

She had a checking account that miraculously added $500 every month and she really didn't / couldn't make the connection between income and out-go.

Posted by AlanC 2016-04-22 08:38|| 2016-04-22 08:38|| Front Page Top

#6 The people who gave the money to loan to you need their money back more.

Posted by ptah 2016-04-22 10:26|| 2016-04-22 10:26|| Front Page Top

#7 Three morals to this story (1) Beware of Greeks offering IOUs (2) Don't lend your dollars to deadbeats (3) Don't bail out those who did such a foolish thing.

Posted by Anguper Hupomosing9418 2016-04-22 16:43|| 2016-04-22 16:43|| Front Page Top

#8 Greece should have a fire sale. They could sell off statues and the acropolis and make some good bank. If that's not enough they could sell a few islands.

The world should make a list of the political class in Greece and forbid any from emmigrating to avoid the mess they've made.

Posted by rjschwarz 2016-04-22 16:57|| 2016-04-22 16:57|| Front Page Top

23:56 Slung Smith3824
23:52 Spanky Phineper7453
23:51 Hupomogum Henbane7522
23:15 SteveS
22:54 newc
22:48 Procopius2k
22:34 Zenobia Floger6220
22:22 swksvolFF
22:13 Zenobia Floger6220
22:07 Richard Aubrey
21:48 Blossom Unains5562
21:46 SteveS
21:43 DarthVader
21:29 Frank G
21:27 Beau
19:05 Shipman
18:35 SteveS
18:18 Procopius2k
17:38 Shipman
17:31 AlanC
17:31 Shipman
17:13 Shipman
17:03 rjschwarz
16:58 Shipman