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Huh? I guarantee something like that will happen again in the future!

im becoming tired of all this....greece should default on all debt, fook em all...

yes, it wasnt a bailout for greeks, but a bailout for german and french banks, who would had huge writeoffs, maybe bankruptcies if greece had gone bust.

yeah, wtf does that mean? had to read it three times, I still don't understand

The reality is of course that greece may ultimately go down in ruins, but before it does so, germany (and the rest of the eurozone) will have much of its face smashed in. It's a bit like the Rocky movie, Rocky, the underdog, ultimately lost the match, but the other guy was given one hell of a...

plenty of small countries are threats to bigger ones. there's a saying: fear the man who has nothing to lose, maybe this can be applied to countries too?

bt You just made my point. Hitler came to power, partially because the Allies would not restructure or renegotiate the war debt. We could do without a new greek style hitler arising from the ashes of Greece.

Sorry, but it is all i have. I am not well versed in the art of spin.

In the 1950's, Germany's external debts were essentially forgiven under the London Debts Agreement. Basically, it was a restructuring of Germany's debts. From http://en.wikipedia.org/wiki/London_Agreement_on_German_External_Debts Under the London Debts Agreement of 1953, the repayable amount...

Thanks Tsing. Also, apols for saying no beaches in Germany. Although tbh, who the hell goes to Germany for the beaches??!!

Tsing Tao, tell volpunter to look up comparative advantage theory. i doubt very much he has any economic training, certainly has no business skills. Greece has islands , beaches and no doubt restaurants on beaches. Germany has no beaches afaik, but it does have much manufacturing. Each country...

Your lack of business nous is your problem. You come across as a academic economist, with no real experience of the world.

I'm sure they have different restaurants to cater for different budgets.

You missed the main point - restaurants charge what they think they can get. Presumably the greek restaurant owners are still making money from charging higher prices than u would like. If you cannot afford it, you should go to the local Mcd!

Business lesson for volpunter: if you are a Greek restauranteur (guy who owns restaurant), you don't look in your economics 101 course, much of which is useless, to set prices in your restaurant. You'll set your prices on a number of factors the main one being what the MARKET i.e. customers...

Agree totally. The debt will be restructured in some way. Been happening in South America for hundred years +.

I'm still laughing at the econ 101 thing you mentioned. You're really clueless.

Which falls in the euro? The latest one, the one over the past 6 months or so against the US dollar. Why on earth are you looking 1.40? the currently value is 1.13. German exporters are probably going crazy with joy. The fact is the RECENT fall in the euro has been first rate for Germany. As...

Quite incredible how much GERMANY has benefited from the fall in the euro and the bond buying over the years by the ECB. Very few mention this. All one sided on how Germany has to bail everyone out.