4 ms·
That referendum was stupid. Once you have debt, you have to repay it. Had they asked people how they preferred to pay it back, that would have been smarter. But
by pif 10y ago
That referendum was stupid. Once you have debt, you have to repay it. Had they asked people how they preferred to pay it back, that would have been smarter. But just asking whether they accept a particular plan, without committing at the same time to an alternative plan... I find it ridiculous.
- cinquemb 10y ago>…Once you have debt, you have to repay it… Or default, wouldn't have been the first sovereign default on debt "obligations"… >I find it ridiculous. Be that as it may, kicking the can down the road and doing more of the same is often a great long term solution. But its ok, they "accepted" larger haircuts than originally proposed: "On Monday, 13 July, the Syriza-led government of Greece accepted a bailout package that contains larger pension cuts and tax increases than the one rejected by Greek voters in the referendum."