2 ms·
> enough money to stimulate the economy would work, That might indeed work. But who's supposed to foot the bill? Since greece does not have the money and greec
by Xylakant 11y ago
> enough money to stimulate the economy would work,
That might indeed work. But who's supposed to foot the bill? Since greece does not have the money and greece is openly stating they can't even pay the current loans. And I don't see how debt-forgiveness is helping here. A default might help, but greece is running a marginal primary surplus at best, so even with a default they'd be stuck where they are - in a pretty shitty place.
The only thing I could see that would help is a fiscal union, but a fiscal union would require all parties to give up some part of their control and seriously, I don't see that happening (though I wish it would)