"Rather Cut Off My Arm Than Pay Back What Greece Borrowed".... Varoufukis

Ricter said:
But, but, Putin is such a real man, compared to Obama (see the shirtless photos!), who would NOT want to be bailed out by Russia?
: )
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he's a goddamned incompetent flabby titted bitch. At least that's the way us libertarians see him, how do you democrats view him?
 
gwb-trading said:
So let's describe an equivalent situation - you had a neighbor who comes begging for a loan to stop from going bankrupt... and after much mashing of teeth you give into their begging, not wanting to see a neighbor go down the drain and possibly messing up housing values for the whole neighborhood. Soon they are hitting you up for more money every year. But you start noticing things... like your neighbor spends endlessly, he has a new pool, multiple high-end cars, takes big vacations while appearing not to work... and then does nothing to stop his reckless spending despite your requests. And then you say - enough is a enough - but somehow you, the kindly neighbor, who lent the money to the neighbor is deemed the villain for cutting off the funding unless they reform.
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When you made the loan, as the krauts did, you wanted interest. That interest serves two purposes; one, if you get it, you won't have to get a real, get your hands dirty job (ok, just having fun with that, but in a sense that's what we want from money renting), and two, it's an acknowledgment that you're taking a risk.

The interesting thing about your scenario is that some krauts must have noticed those things about Greece and yet continued to pour their capital into Greece.
 
loyek590 said:
he's a goddamned incompetent flabby titted bitch. At least that's the way us libertarians see him, how do you democrats view him?
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When I was in college, expressing my political views, I would sometimes hear, "if you don't like America then I'll buy you a one-way ticket to Russia!" Leftist college students today probably aren't hearing that from their rightist counterparts, lol.
 
gwb-trading said:
".. somehow you, the kindly neighbor, who lent the money to the neighbor is deemed the villain for cutting off the funding unless they reform.
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Some of Greece's talking heads are already blaming blaming the lenders. What nerve!
 
Ricter said:
When you made the loan, as the krauts did, you wanted interest. That interest serves two purposes; one, if you get it, you won't have to get a real, get your hands dirty job (ok, just having fun with that, but in a sense that's what we want from money renting), and two, it's an acknowledgment that you're taking a risk.

The interesting thing about your scenario is that some krauts did notice those things about Greece and yet continued to pour their capital into Greece.
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So you merely view that lending to the German people's tax money as just a business transaction for business purposes. Does this include the 90 day interest-free operational cash money that Germany lent?

It is time to pull the plug and let Greece sink and no longer be on the euro. This should have been done months ago rather than trying to prop up this fiasco. The Germans and others will have to take massive haircuts on their loans (possibly getting nothing), but the Greeks should not blame the other European countries for their misfortune, it was entirely self-inflicted.

In the long term, the Euro will not survive and only lead to conflict in Europe. A country cannot fundamentally use a currency unless they fully control the monetary policy associated with the currency and their economy. Having a centralized currency where the other users don't follow the economic guidelines will only lead to headaches for the countries using the currency which follow the guidelines. All the countries would be better off with their own currencies and letting the exchange rate guide the comparative strengths of their economic policies.
 
Scataphagos said:
Some of Greece's talking heads are already blaming blaming the lenders. What nerve!
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Who was it who said, "if I owe the bank $1 million, I have a problem, but if I owe the bank $100 million, the bank has a problem"?
:D
 
unlike China, Russia has almost unlimited real estate. And their natural resources are so large they can't even be calculated. The only thing keeping them from ruling the world is Putin and his corrupt henchmen.
 
gwb-trading said:
So you merely view that lending to the German people's tax money as just a business transaction for business purposes. Does this include the 90 day interest-free operational cash money that Germany lent?

It is time to pull the plug and let Greece sink and no longer be on the euro. This should have been done months ago rather than trying to prop up this fiasco. The Germans and others will have to take massive haircuts on their loans (possibly getting nothing), but the Greeks should not blame the other European countries for their misfortune, it was entirely self-inflicted.

In the long term, the Euro will not survive and only lead to conflict in Europe. A country cannot fundamentally use a currency unless they fully control the monetary policy associated with the currency and their economy. Having a centralized currency where the other users don't follow the economic guidelines will only lead to headaches for the countries using the currency which follow the guidelines. All the countries would be better off with their own currencies and letting the exchange rate guide the comparative strengths of their economic policies.
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I am referring mainly to the private capital inflows to Greece, by ordinary German (and other) investors and their proxies in the run up to the crisis, not the subsequent, desperate responses by creditors to that crisis.

Your argument re abandoning the Euro was to doubt common during the Euro debates.
 
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