Post
Topic
Board Economics
Re: EUROPEAN OFFICIALS SAY NEW DEAL REACHED BETWEEN GREECE, CREDITORS
by
MF Doom
on 14/07/2015, 18:33:42 UTC
Tsipras will give up and accept all the measures by merkel and their friends at the very last second.

Beggars cannot be choosers, when will Greece fundamentally change what they're doing and stop asking for bailout after bailout. The tough changes are required because without them, Greece continue to be a liability.

Greece needs debt relief, not a stretched bailout after bailout. Ideally, the banks who had lent endlessly to Greece should have taken haircuts on their holdings. But the Troika ensured that this did not happen and bailed them out.

Can these elected leaders really be THIS incompetent?  I mean their logic is this:

Wow our country spends too much, lets keep that up and borrow some more money to cover it.

A few years later:

Well we cant pay back that additional debt, another loan should do the trick!

I mean come on! The citizens are the ones paying the price with lowered pensions and raised taxes, but the banks and governments NEVER LOSE.