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There have been several haircuts to the Greek debt, including stretching of payment goals.
by Gossilla 11y ago
There have been several haircuts to the Greek debt, including stretching of payment goals.
- halfdan 11y agoThat, and the NYTimes is ignoring it's own journalism: http://www.nytimes.com/2012/11/28/world/europe/in-germany-weighing-debt-relief-against-debt-reduction.html http://www.nytimes.com/2012/11/28/world/europe/in-germany-we...
- vidarh 11y agoYet it's still nowhere near sustainable levels.
- de_Selby 11y agoAnd no matter how many lazy op-eds are written saying it, this isn't simply a matter of Greece and Germany. A dept write-off would have huge knock-on effects in the rest of Europe, with Ireland, Portugal, Spain also then looking for similar write-offs. Not to mention the crippling Italy, France and Germany's banks. The money has to come from somewhere.
- digitalengineer 11y agoEverybody own everybody money lots of money. How about swapping all this debt and writing it off? See this 3 min. video by two English comedians: https://www.youtube.com/watch?v=YNA2VG_piUo https://www.youtube.com/watch?v=YNA2VG_piUo
- fineman 11y agoNo chance it could come from the banks that made the bad loans? You know, make the criminals pay. I imagine that would have more impact than making the victims pay.
- malka 11y agoThat would go against the very purpose of a bank : privatize what you earn, share your losses.
- rtpg 11y agoI thought there was only one debt devaluation (50-odd percent in 2010), but it was combined with austerity measures that destroyed any potential of growth.
- verinus 11y agoi thought that prior to syriza election there was a positive development in the greek economy?