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Point 4 is sane? Greece doesn't seem interested in repaying their debt now, you think they're going to care in 10 years after just writing some of it off? Why
by Nelson69 11y ago
Point 4 is sane? Greece doesn't seem interested in repaying their debt now, you think they're going to care in 10 years after just writing some of it off? Why won't they expect the rest to go away too? I think a lot of the "no" voters simply don't see any services from their government to justify their taxes, they already avoid taxes at endemic levels, and fundamentally don't actually feel any ownership for the debt.
Moreover, can their economy recover without outside help? What does that actually look like? That's the bigger issue, any way you slice it, they got really used to making promises and living larger than they are. The wish or risk or whatever is that the ECB will want to recover some of that debt and in exchange for that wish, write off a large chunk of it and then continue to give them handouts. What does a viable Greek economy actually look like?