Post
Topic
Board Economics
Re: Greece needs wide debt relief to avoid permanent depression, thinktank warns
by
greBit
on 07/08/2015, 16:52:36 UTC
They certainly won't get it. Greece has been a money sink for years, and is more of a burden on the EU than a helper, even when its economy was better. I'm not sure if I buy into this "permanent depression" buisness thought, I've always been under the impression that things can get at least slightly better.

greece is and will always be a money sink. tax payers are always the victim of the billions that the european union pump into greece. let greece fall, it will hurt at the beginning, but later were better off.

It doesn't take a think-tank of experts to concluded that this is indeed the case. The problem is, you can't leave you eurozone without a backup plan. I don't think Tsipras and their team are competent enough to leave the eurozone and survive for long at this point. They need to think about it before taking that drastic ultimate step.

I don't think they really have the authority to leave the eurozone because that would be defaulting and claiming you're insolvent to pay. Eurozone is not just giving out billions to Greece because they are foolish, but because they have decided to screw Greece with maximum loan repayments. Failure of that would lead to sale of lands and other assets which will make Greece nonexistent.