we got to talking about that on another thread. What would it take to just buy Greece? It's actually a little more than you might think. We couldn't think of anyone that could come up with the money.Quote from vicirek:
Greece is corrupt and communist minded. All handouts date back to cold war when they were trying to turn communist (nobody remembers that old story). To keep them in NATO and keep Russians from getting foothold in strategic area Greeks got free money for decades to keep them happy and keep the corrupt and inefficient but pro-western system in place. The only economy there is government and politics. Now they are going to get money either from Europe or they will sell Greece to China.
so, if you're in to buying troubled assets, now would be a good time to buy politicians, because apparently they are very cheapQuote from vicirek:
To buy a country you need corrupt politicians and they are cheap. China is interested in stronger presence in Europe and want access to markets and technologies from Europe since most of the US know-how has been already acquired by China. Greece could serve as back door to Europe and they might be interested in that play. All the assets that can be bought in open markets now are troubled assets - some more and some less.
they don't feed them wellQuote from oldtime:
we got to talking about that on another thread. What would it take to just buy Greece? It's actually a little more than you might think. We couldn't think of anyone that could come up with the money.
China has enough mouths to feed. I'm not sure they are in a position to buy troubled assets.