you are a daydreamer buddy. Greece declares bankruptcy, things will go back to normal, Germans and the French and Scanis will forgive the Greeks and Greece will be able to enter financial markets 2-3 years from now again to re-start the cycle. Lol, let's see about that but I think you could not be more wrong with this (or similar) view.
Alexis Tsipras' "open letter" to German citizens
- Thread starter Tsing Tao
- Start date
I do not debate with those who sling baseless accusations at others without the slightest rational, offered. Argue your point or consider yourself ignored. So far you have not added any value whatsoever ;-)
What? There's nothing instantaneous about export markets adjusting once a currency is revalued. Visaria is right. This is like debating with a child.
Start posting charts and supporting your data. Provide sources. Your ranting and rambling and it's becoming incoherent.
Why don't you prove me wrong with some data?
No, you just sling baseless accusations at everyone else. You've offered zero value yourself.
I didn't say it would be back to normal right after they declared bankruptcy. I didn't even say anything about 2-3 years. Once again, you're making everything up.
Would you like us to leave so you can carry both sides of the conversation?
a) Really? The number of Chinese tourists shopping in central Tokyo did not almost double from 6 months ago? (Btw, all that in light of the fact that China right now is cracking down on corruption and purchases in HK by mainland tourists has been fallen off the cliff). You must be blind. Of course do exchange rate revaluations not only feed very quickly into the retail market but into industrial planning as well. Guess how many airliners hedge out their kerosene exposure right now, look at oil long-term contract activities between countries at the moment. Are you blind buddy?
b) It is absolutely coherent, like a red thread through the story. I have argued the same point, you are the one who pretty much accuses Germany of currency manipulation to blast their exports. The ball is in your court not mine, mate.
c) Why dont you finally and once and for all come up with your own work. You are so far the idiot who copy/pasted a post that argued about the inability to repay debt at 0% interest while completely ignoring the vital point of austerity and structural reforms. You have produced nothing so far, but keep on rambling how Greece cannot and will not repay its debt without having gone through any reasonable calculations yourself. Talking about debt forgiveness or the inability to repay debt and at the same time ignoring the fact that Greece is not even able at the moment to properly execute its domestic tax demands is a joke and outright bizarre.
I think most agree with my overall point that Greece is acting irresponsibly and that it will pay a dear price for that if it carries out what its leaders are propagating right now. You basically are saying that all Europeans involved in the Troika, including Draghi's ECB are idiots and have no idea what they are doing. I am not saying they are wiz kids but they are by far not as naive as you make them to be. A lot of time has been spent on properly structuring a package (packages) and assessing a fair rate of required return and variables have been taken into account that you utterly ignore. One such variable is a tax reform, another cost saving measures within the government apparatus. What Greece has done so far is a laughable joke. I also sympathize with the kids sitting on the street, the youth without job, but that is not the fault of the ugly Germans and French.
Just saying "Greece cannot and will not repay" is what kindergarden kids are allowed to utter, I would expect a little deeper line of reasoning and an involvement of a fairer number of variables that more reflect real life than your yes/no boolean thought process.
b) It is absolutely coherent, like a red thread through the story. I have argued the same point, you are the one who pretty much accuses Germany of currency manipulation to blast their exports. The ball is in your court not mine, mate.
c) Why dont you finally and once and for all come up with your own work. You are so far the idiot who copy/pasted a post that argued about the inability to repay debt at 0% interest while completely ignoring the vital point of austerity and structural reforms. You have produced nothing so far, but keep on rambling how Greece cannot and will not repay its debt without having gone through any reasonable calculations yourself. Talking about debt forgiveness or the inability to repay debt and at the same time ignoring the fact that Greece is not even able at the moment to properly execute its domestic tax demands is a joke and outright bizarre.
I think most agree with my overall point that Greece is acting irresponsibly and that it will pay a dear price for that if it carries out what its leaders are propagating right now. You basically are saying that all Europeans involved in the Troika, including Draghi's ECB are idiots and have no idea what they are doing. I am not saying they are wiz kids but they are by far not as naive as you make them to be. A lot of time has been spent on properly structuring a package (packages) and assessing a fair rate of required return and variables have been taken into account that you utterly ignore. One such variable is a tax reform, another cost saving measures within the government apparatus. What Greece has done so far is a laughable joke. I also sympathize with the kids sitting on the street, the youth without job, but that is not the fault of the ugly Germans and French.
Just saying "Greece cannot and will not repay" is what kindergarden kids are allowed to utter, I would expect a little deeper line of reasoning and an involvement of a fairer number of variables that more reflect real life than your yes/no boolean thought process.
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yeah I know each time you did not say this or that. Fair, but you hinted at it and suggested it. So far the only thing you managed to clearly say is that "Greece cannot and will nor repay its debt". What a jackass. I am out of here, what a waste.
Debtor refusal to pay is a risk a creditor had better take into consideration. That's one of the reasons creditors demand interest on a loan. Whether the debtor not paying is reasonable or immoral is another thing all together, but a debtor can choose not to pay - which may cost the debtor too in access to future credit or even jail, or in the case of a sovereign even war.
Good riddance.