gonvaled

75 ms·

781.
by gonvaled 11y ago
Writing off the debt is the magic when the debt is as huge as it is for Greece. Extending maturity and / or reducing interest rates do not help much if you know that whatever improvements you make to your economy will be swallowed by
782.
by gonvaled 11y ago
People can declare bankruptcy (in lots of countries), and children do no need to inherit debts (they will not inherit assets either, of course)
783.
by gonvaled 11y ago
> I wonder why in the US states can go bankrupt, states much larger than Greece: Is this true? Has any US state gone bankrupt? Can you share a link? The closest I know was California having some financial trouble, but no bankrupt was dec
784.
by gonvaled 11y ago
It is not mainly about pumping money now: it is about writing off (bad) debt, and punishing investors for doing bad investments, thereby making sure that investors understand that they need to be more alert, and not jump into high yieldin
785.
by gonvaled 11y ago
> Other countries have managed to claw themselves out of bigger holes than this One of the main reasons why other countries have been able to quietly improve their economy is the fact that the markets are real busy betting against Greece
786.
by gonvaled 11y ago
> New government does not mean you can erase your debt This is a sovereign government: they can do whatever they want. Defaulting on the debts will have consequences, of course, some good, some bad. Difficult to say if, in balance, this
787.
by gonvaled 11y ago
Are you sure about that? Isn't a country better off after debt restructuring?
788.
by gonvaled 11y ago
With your risk profile, the interest rate will be 99%, payable as soon as the credit is given, before you leave the room. You will come alone, unarmed, and barefooted.
789.
by gonvaled 11y ago
Debt comes with risk and reward : you give some money, get some interest, and maybe the principal back. The amount of interest depends on the risk. Usually nothing happens, and you get everything back, but sometimes you don't. Tha
790.
by gonvaled 11y ago
> And it's a bit rich to talk about the "competent" Greek economist vs. his "incompetent" EU counterparts when they're the ones with the money and he isn't. So you mean that all competent economists are
791.
by gonvaled 11y ago
You can see it like that. You can also see it like this: he gave voice to the people, and accepted to step aside when pressured by the powers-that-be, instead of stubbornly clinching to his post. He is no politician. We need more of those.
792.
by gonvaled 11y ago
+1 for the Iceland reference -1 for the men / women reference: like there are no good men / bad women. Ha! =0
793.
by gonvaled 11y ago
GS already sold the instruments - to a greek bank!
794.
by gonvaled 11y ago
I wouldn't say it never works: containing spending is good policy. It worked, for example, in Spain. But Spain had going for it that the economy (although badly performing) was doing much better than Greece at the start of the crisis,
795.
by gonvaled 11y ago
Sure, thx. (in Spanish it is "Islandia")
796.
by gonvaled 11y ago
They overspent. Their economy is dysfunctional. They share a big part of the blame. But they have been following the Troika's plan for over 7 years now, they have reduced spending, they have done a huge effort, and still their GDP has
797.
by gonvaled 11y ago
Don't forget that Greece received financial help (IMF etc) so that creditors (big banks, really) could get their risky loans (with high interest rates) repaid, de-facto unloading the private-held debt on the European taxpayer. This was
798.
by gonvaled 11y ago
Not really: growth -> becoming more popular, but not necessarily popular, in the absolute sense, which is based on density comparissons, of course: going from 10 to 15 inhabitants is a 50% growth, but it is not more popular than a ci
799.
by gonvaled 11y ago
It is a growth map, not a density map
800.
by gonvaled 11y ago
its majority
801.
by gonvaled 11y ago
Well, if they default on their debts, their books will look very good so they will make for an interesting creditor. There will be lots of angry people around, but it will still make finantial sense to lend, for a tasty interest rate, of co
802.
by gonvaled 11y ago
Tsipras does not have mandate to do the opposite of what he promised during the election. He can still do it, but for this important turning around in the promised politics, and for this important decission for the greek people, asking them
803.
by gonvaled 11y ago
Creditors charge a healthy premium risk for the eventuality that they will not be paid back. Sometimes, the risk materializes and they do not get paid back. It is their right to get mad and stop giving more credit, but it does not follow th
804.
by gonvaled 11y ago
The alternative is to pay, not "read as you wish". And I think NYT has that option (but I do not know if that is ad-free)
805.
by gonvaled 11y ago
At those price levels (1$ per month) are not money transaction fees the problem? Who wants to give VISA et al a big chunk of revenue?
806.
by gonvaled 11y ago
So this seems to be an Ember.js problem on Android, not necessarily an Android problem - difficult to say. There are several layers at play here (discourse, Ember.js, handlebars, and then the browser and js engines, DOM, etc, going down to
807.
by gonvaled 11y ago
We are losing about 10 million people per year to starvation, and there are close to 800 million undernourished people in the world. I am not talking about a random guy not finding his way to an opulent dinner, but about a systemic proplem.
808.
by gonvaled 11y ago
The balancing act that we have to pull whenever free energy (in the form of petrol) starts to show signs of depletion will have to be played not at the pre-industrial 1000 million people level, but at the current 8000 million. That is a ver
809.
by gonvaled 11y ago
That is the anomaly, as I have stated above. It is an open question if we are able to extend that behaviour to the rest of humankind. Even China's one-child policy has not managed to control population growth. For that to happen, it wo
810.
by gonvaled 11y ago
Irrelevant. If population drecreases, and you still lose people to starvation, you are living above carrying capacity. Even if that only happens in certain regions. The world is losing lots of people to starvation. We are not able to reig

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