The Mudcat Café TM
Thread #157574   Message #3720303
Posted By: GUEST,Grishka
01-Jul-15 - 01:44 PM
Thread Name: BS: Greece in meltdown? What do you think?
Subject: RE: BS: Greece in meltdown? What do you think?
Jim, what I am saying is that the debt as such is not the question at all, since creditors (and this includes many little savers, directly or indirectly via pension funds etc.) must write off most of it anyway.

Before asking who should pay now, not for the debt but for the current expenses, one must specify what to buy. Earlier governments offered "austerity" - not really convincing. The current one seems to offer only a short delay of the inevitable disaster (for the whole Euro zone and beyond). The next government, hopefully to come soon, should offer the revolution that can prevent the worst disaster for Greece and Europe. It will be expensive enough, and we all have to pay, but there will be hope, other than with Tsipras and his desperate voters.