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tldr; Instead of taking new loans and servicing our existing debt, we'd like new loans and NOT have to service our existing debt. EDIT: To those responding "he

by drcode 12y ago

tldr; Instead of taking new loans and servicing our existing debt, we'd like new loans and NOT have to service our existing debt. EDIT: To those responding "he didn't ask for loans" in the last line he's asking for a "European New Deal"... what else could that be besides new loans or a straight-on gifting of more money?

norswap 12y ago
I must have missed the part where he asked for new loans.
ewzimm 12y ago
I am having a hard time getting that from this message: >My party, and I personally, disagreed fiercely with the May 2010 loan agreement not because you, the citizens of Germany, did not give us enough money but because you gave us much, much more than you should have and our government accepted far, far more than it had a right to. >Our task is not to confront our partners. It is not to secure larger loans or, equivalently, the right to higher deficits. There will have to be some money injected somewhere in Greece, but not in the same way, and the point is to get away from loans.
- drcode 12y ago
  Well, there's only two ways I know of that you can use to "inject" money into a person: You either give it to them as a loan or a gift.
  - ewzimm 12y ago
    Money doesn't have to go directly to the government. Their plan to fund things is more along the lines of making the many, many tax-evaders actually pay. Businesses that need loans can take them out on an individual basis, injecting money into the economy, but the government can get money from its own people rather than other countries.
    - drcode 12y ago
      Sounds like the same end result to me. BTW- I'm not disagreeing that giving Greece more money one way or another doesn't make sense, I'm just pointing out that I see nothing in OP where Greece is saying "let us go our own scrappy way without your money, we can fend for ourselves". Instead they want debt forgiveness, followed by more money.
stefantalpalaru 12y ago
> he's asking for a "European New Deal"... what else could that be besides new loans or a straight-on gifting of more money? http://en.wikipedia.org/wiki/New_Deal http://en.wikipedia.org/wiki/New_Deal
- drcode 12y ago
  Yes, I know what the "New Deal" was. If you don't think the "New Deal" involved giving out money (and this probably isn't the place to have that discussion) then certainly you could come to different conclusions about OP.

by drcode 12y ago

norswap 12y ago

I must have missed the part where he asked for new loans.

ewzimm 12y ago

I am having a hard time getting that from this message: >My party, and I personally, disagreed fiercely with the May 2010 loan agreement not because you, the citizens of Germany, did not give us enough money but because you gave us much, much more than you should have and our government accepted far, far more than it had a right to. >Our task is not to confront our partners. It is not to secure larger loans or, equivalently, the right to higher deficits. There will have to be some money injected somewhere in Greece, but not in the same way, and the point is to get away from loans.

drcode 12y ago
Well, there's only two ways I know of that you can use to "inject" money into a person: You either give it to them as a loan or a gift.
- ewzimm 12y ago
  Money doesn't have to go directly to the government. Their plan to fund things is more along the lines of making the many, many tax-evaders actually pay. Businesses that need loans can take them out on an individual basis, injecting money into the economy, but the government can get money from its own people rather than other countries.
  - drcode 12y ago
    Sounds like the same end result to me. BTW- I'm not disagreeing that giving Greece more money one way or another doesn't make sense, I'm just pointing out that I see nothing in OP where Greece is saying "let us go our own scrappy way without your money, we can fend for ourselves". Instead they want debt forgiveness, followed by more money.

stefantalpalaru 12y ago

> he's asking for a "European New Deal"... what else could that be besides new loans or a straight-on gifting of more money? http://en.wikipedia.org/wiki/New_Deal http://en.wikipedia.org/wiki/New_Deal

drcode 12y ago
Yes, I know what the "New Deal" was. If you don't think the "New Deal" involved giving out money (and this probably isn't the place to have that discussion) then certainly you could come to different conclusions about OP.