You mean the NEW Ukraine , the one resulting of their last war, has its new leaders who want to join the EU within 5 years.
In order for the EU to survive, it has to implement Fiscal Transfers
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You mean the NEW Ukraine , the one resulting of their last war, has its new leaders who want to join the EU within 5 years.
I was asking what your suggestion is right now? Unfortunately we can't go back. Or how badly do you think the Brits would love to go back to change a few things in response to the tea party?
What's a loan that is not getting repaid?
My suggestion right now is the same as what it was before. Let the Greeks go. Get the IMF to give them a small bridge loan that gets them to the Drachma with as much stability as they can muster and let them go vs. giving them a lot more money to see them back at the table again in 2 years.
The loan that is not getting repaid is a transfer payment, called something else - which brings us back to the whole deceitful crap.
The problem is if Greece is allowed to go, then other EU countries will understand they too can leave, and will do so.
It's not about being allowed to go. Greece doesn't want to go. They want their cake and they want to eat it, too.
The EU should tell them that's not possible.
Most Greeks , as well as the FMI know where the money has gone and also that there is no reasons for the ordinary Greeks to pay up for it. The Greeks simply do not want to pay so as to let their "oligarch" scott free.
http://www.international-economy.com/TIE_Sp10_Zoakos.pdf
Most have no idea of what endemic corruption means.
Just now, I am adding for each politician, how much has been taken from Greece tax payers coffers. And it adds up : 500 millions here, 700 millions there, 1.1 billions there, etc.
Now my question is : how on earth did the Greek people allow this to happen? :eek:
Most have no idea of what endemic corruption means.
Just now, I am adding for each politician, how much has been taken from Greece tax payers coffers. And it adds up : 500 millions here, 700 millions there, 1.1 billions there, etc.
Now my question is : how on earth did the Greek people allow this to happen? :eek:
What will happen with the hundreds of billions in debt? They basically default on it all at once. That is exactly the scenario everyone tries to avert. You are thus believing Greece will default on the entirety at some point anyway?
Bullshit. Most Greeks cannot even spell oligarch correctly. They are after freebies and a sustained life style , subsidized by everyone else. And they care to paint Nazi paintings on the wall every now and then when they do not like Germany.
oligarch = corrupt politicians who siphoned out each on average 3billionEuros during their political careers. 300 000Euros siphoned out in 1980s were
considered "small gift to oneself" by their prime minister.
Now about the other Greeks, I wonder if expat Greeks did "send money back home". But this I am not managing to find the data.
The problem in this country debt crisis is the understanding of the endemic corruption.
Basically, instead of having one dictator siphoning all of a country money, they
had nearly the whole political individuals doing so.
considered "small gift to oneself" by their prime minister.
Now about the other Greeks, I wonder if expat Greeks did "send money back home". But this I am not managing to find the data.
The problem in this country debt crisis is the understanding of the endemic corruption.
Basically, instead of having one dictator siphoning all of a country money, they
had nearly the whole political individuals doing so.
It is a problem but not the major one. The real problems lie in the misallocation of resources (to a small degree corruption) and the entitlement thinking and belief of your average Greek that they are more special than the average European citizen and their belief that the rest of Europe needs to finance their welfare state.