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You sound pretty bitter yourself. I find it strangely Kafkaesque the way each country has their own vested interests in destroying Greece. We know absolutely

You sound pretty bitter yourself. I find it strangely Kafkaesque the way each country has their own vested interests in destroying Greece. We know absolutely that they will not pay this money back (and as a price Europe is destroying their country and seizing assets, a coup of kinds). I think they should go bankrupt - and the banks will be falling over themselves to lend them money again! It's amazing that 90% of the Greek bailout money went to the Banks and that they are no longer exposed to the risks that they made, instead tax payers are. It really feels as if the banks should be made to pay for making such unstable, non repayable depts? Just a thought.

roel_v 11y ago
Well, if the Greeks would agree with your idea, they'd do it, don't you think? And if they'd really think they'd be better off leaving the Euro, they would, no? Instead, they are willing to accept drastic measures, and even Varoufakis has all eyes set on staying in the Euro zone, even if only in a farcical way (his 'we'll issue Euro-denominated bonds ourselves even if the ECB cuts us out' fantasy). The way I see it, they want to stay in the Euro no matter what. Everybody saying 'leave the Euro' seems to know better for them than they do?
- Mikeb85 11y ago
  The problem is that while Greece is better off leaving the Euro, individual Greeks that already have savings would be worse off if their savings were converted to drachmas. Seeing as how Syriza was elected by a populist movement, they could just as easily be deposed by the same populism, and a lot of people (especially those who are already retired or nearing retirement age) would be upset if they lost a large chunk of their savings. But yes, economically, the drachma is better for Greece. Especially for younger Greeks who have little to no savings, and wouldn't be hurt by a devaluing currency, but would stand to gain from increased employment.

roel_v 11y ago

Well, if the Greeks would agree with your idea, they'd do it, don't you think? And if they'd really think they'd be better off leaving the Euro, they would, no? Instead, they are willing to accept drastic measures, and even Varoufakis has all eyes set on staying in the Euro zone, even if only in a farcical way (his 'we'll issue Euro-denominated bonds ourselves even if the ECB cuts us out' fantasy). The way I see it, they want to stay in the Euro no matter what. Everybody saying 'leave the Euro' seems to know better for them than they do?

Mikeb85 11y ago
The problem is that while Greece is better off leaving the Euro, individual Greeks that already have savings would be worse off if their savings were converted to drachmas. Seeing as how Syriza was elected by a populist movement, they could just as easily be deposed by the same populism, and a lot of people (especially those who are already retired or nearing retirement age) would be upset if they lost a large chunk of their savings. But yes, economically, the drachma is better for Greece. Especially for younger Greeks who have little to no savings, and wouldn't be hurt by a devaluing currency, but would stand to gain from increased employment.