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> So it's natural to always try to cheat, steal from "the state" and to pass these attitudes to their children Does this mean that - given the context you desc
by nickolai 15y ago
> So it's natural to always try to cheat, steal from "the state" and to pass these attitudes to their children
Does this mean that - given the context you describe - Greece will be essentially unable to raise the resources needed to pay off even the extended maturity debts? I am merely being curious - please take no offence at my question - but what do you think are the chances that we see a 'hard default' in the coming years?
- ristretto 15y ago[edit: i changed my mind] I am not really optimistic, eventhough the EU will be overseeing the reforms, greece does not have a good record of conformance. In fact it has a very bad record of conformance, and, to be frank, the greek society does not want to change its attitudes. I expect similar renegotiations every 3 or so years. The "hard default" does not really depend on greece, it's a decision of whether the rest of europe allows it. Without EU protection, greece is already bankrupt.