Life and Debt: A Greek Tragedy (merged)

[Torplexed]

Originally Posted by Oberon

$16bn worth of losses.

http://www.handelsblatt.com/politik/.../12012008.html

Nicht sehr gut!

[Onkel Neal]

Perhaps even more pressing will be the reaction of the European Central Bank, which has been propping up the Greek banking system for months with emergency funding. If the ECB decides at a meeting Monday to end that support, Greece’s banks will quickly run out of cash, business will grind to a halt and basic supplies could start to dwindle on store shelves.

I'm sure Germany and the EU can handle a 16 billion loss.

Anyone in Greece who had money in a bank, say goodbye to it.

[Torplexed]

On the other side of the smoking ledger, Greek banks are probably now insolvent and as good as ruined tomorrow. Somebody better dust off a drachma minting and printing press and get cranking.

[Onkel Neal]

Missed it by that much.

[Schroeder]

Originally Posted by Oberon

$16bn worth of losses.

And how much will it be if we continue this insanity? I rather say good bye to what we've already lost (it was clear from day one that we would never see that money again if you ask me) than to increase this sum further just to postpone the inevitable crash of Greece.

[STEED]

Over to you Germany, ECB, IMF and all the rest.

I have a strange feeling the cord with Greece will not be cut.

[Oberon]

Originally Posted by Schroeder

And how much will it be if we continue this insanity? I rather say good bye to what we've already lost (it was clear from day one that we would never see that money again if you ask me) than to increase this sum further just to postpone the inevitable crash of Greece.

Can't disagree with you, if anything this is probably the better route for Greece. Honestly in the long run it'd probably be better to write off certain parts of Greek debt down to a manageable amount so it can repay the debts whilst maintaining a certain level of government spending for the people of Greece.
Of course, the problem with that approach is that then everyone else will want their debts written off.

Perhaps we should have an economic reset day, midnight 1st Jan 2016, all debts get written off and everyone starts again from scratch.

[STEED]

France and Germany to meet on Tuesday for talks.

[em2nought]

Free Greek vacations for Northern Europe for life. You all get a timeshare slice of Greece, but have to pay a yearly maintenance fee of 1000 euros.

[Oberon]

[mapuc]

So you think EU is going to let Greece free from EU and maybe Euro ?

From what I understand, the people in greece, those who voted no, isn't against EU and or Euro, they want a better propasal or what it is called.

Markus

[Oberon]

Originally Posted by mapuc

So you think EU is going to let Greece free from EU and maybe Euro ?

Markus

[Penguin]

Originally Posted by Oberon

Perhaps we should have an economic reset day, midnight 1st Jan 2016, all debts get written off and everyone starts again from scratch.

So have you guys finally paid off your debts from 1720?

[Oberon]

Originally Posted by Penguin

So have you guys finally paid off your debts from 1720?

How much do you want to bet that Italy is going to find some loans given to Britannia during the Roman occupation?

[Penguin]

Originally Posted by Oberon

How much do you want to bet that Italy is going to find some loans given to Britannia during the Roman occupation?

Here we still have to pay a hefty fine for the Roman occupation - we call it Köln.