they still cant service the debt!
Terrorists
- Thread starter moreluck
- Start date
They'll just have to stick to austerity measures to get their debt down to a manageable level.
you dont understand. its unpayable
They'll have to pay what they can and not get anymore loans until they've paid enough of it down. No more generous pensions at 50, etc, etc.
youre talking about restructuring the debt which they werent allowed to do lol
the euro leads to debt and banking crises and it happened!
Abusing the Euro leads to debt and banking crises.
The debt was restructured. But it wasn't forgiven.
no it is not restructured. they keep lending it money and are pretending greece is not bankrupt.
the euro by design leads to those things.
The debt was officially restructured in 2012 with goals set for Greece to meet. You want to blame everyone but the ones who are mostly at fault. It's not up to banks to fund your liberal paradise. If the Greeks could service the debt there wouldn't have been a problem. They couldn't, and they knew it but did it anyways. That's on them.
it was not restructured in 2012 because yanis varoufakis was trying to get it restructured in 2014
they are lent money and lent more money. the french and german banks needed a second round of bailouts. it was unfeasable to do this in germany or france. so they shuffled the money around and did it in greece while blaming the greeks
TheDudeAbides92
Well-Known Member
There wasn’t it was all the CIA all the time that’s the terror threat right there
This is easily found with Google. 2012. Your buddy was just trying to get a better deal in 2014. And literally everyone says the Greeks overspent.
all of the western banks were
ed. the EU can not use a central bank to bail out the banks. america did the same thing, you bailed out hte banks, and hten you did austerity but you had a different word...it was some kind economic gibberishyou know what is easily found? this book:
The EU can't use a central bank? You've never heard of the European Central Bank? ECB for short?all of the western banks were
you know what is easily found? this book:
View attachment 438499
Were all the Western banks
ed? They aren't in business anymore? Do you know anything about anything?Its against the ecbs constitutionThe EU can't use a central bank? You've never heard of the European Central Bank? ECB for short?
Were all the Western banks
Western banks were bailed out trillions of dollars
Goodness you're mixed up. The U.S. bailing out its banks isn't the same as European banks refusing to write off debt a member nation of the EU incurred. One is a government dealing with banks. The other is just the opposite, banks dealing with a government. The first has both taxes it takes in and money it can receive through the sale of government instruments. The other is about banks having a fiduciary responsibility to protect its depositors. They can't just write off debt. Greece was irresponsible. You want banks to keep feeding them money when they had demonstrated they couldn't service the debt they had already incurred. Forgive them and start over giving them more money. Doesn't work that way. The reason Germany is able to bail out its banks if needed is because Germany is an economic powerhouse that is responsible. Greece tried to give its citizens perks that were incredibly generous. But Greece isn't an economic powerhouse. Nor were they responsible giving those perks when they knew they couldn't pay for it. Did it anyways. You just told us the EU's central bank isn't allowed to bail out banks. Then why should private banks bail out countries they lend to if they themselves can't be bailed out? You're telling us if countries aren't responsible then the banks who lent to them should be irresponsible too. Give until they collapse. Doesn't work that way and never has.
no european banks were
ed too because they engaged in USA derivatives.go read "adults in the room" by yanis varoufakis
Whether they engaged in U.S. derivatives or not they aren't required to bail out an irresponsible country. If anything if they got themselves in trouble that's all the more reason they would demand the money they lent to Greece and others be repaid.no european banks were
go read "adults in the room" by yanis varoufakis
the banks were already bankrupt theyre not open for business lol
Really, no banks in Europe? They all failed? If so, then why are you upset that they wouldn't bail out Greece?
BrownFlush
Woke Racist Reigning Ban King
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