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When your debt is forgiven -- or rather, paid by others -- you can borrow more. And that's what they want -- how else can they keep the current circus going?
by peterfirefly 12y ago
When your debt is forgiven -- or rather, paid by others -- you can borrow more. And that's what they want -- how else can they keep the current circus going?
- tormeh 12y agoGreece has a budget surplus before debt payments now. This is a new situation, of course.
- peterfirefly 12y agoThey briefly had a primary surplus. Are you willing to bet that they still do?
- lispm 12y agoGreece is almost broke. They don't have the money to pay all their welfare... Tax income is shrinking...