That’s another story that needs a helluva lot more analysis…
By defaulting though, Greece will be opening itself up to other countries buyins assets to cover debts. In the long run these assets can bring in more money than the original loans
Pat (30/09/2011)
Serrisan (29/09/2011) In this case it’s Germany that’s footing the bill so you can still go to Greece on holidays… hell you might even be able to buy an island if you hurry!
And let’s not forget that these are loans… not gifts - England is not bailing anyone out of the goodness of its heart. England as a whole stands to profiteer from these loans, whether it be through interest or future acquisitions instead of or improved trading conditions. You the taxpayer are being shafted on both ends just like the greek taxpayer…
You only profit from a loan if the person/country you loan the money to pays it back.
It’s pretty much certain that despite all this faffing about, Greece is so far in debt that it will default on it’s loan repayments & the markets are predicting that their creditors will then have to make do with only getting half of what they loaned back.
Of course if the Germans actually manned up to their responsibilities & repaid Greece the €90 billion that they owe them things would be a lot better.
Pat
30 September 2011 14:56
22
Serrisan (30/09/2011) That’s another story that needs a helluva lot more analysis…
By defaulting though, Greece will be opening itself up to other countries buyins assets to cover debts. In the long run these assets can bring in more money than the original loans
Pat (30/09/2011)
Serrisan (29/09/2011) In this case it’s Germany that’s footing the bill so you can still go to Greece on holidays… hell you might even be able to buy an island if you hurry!
And let’s not forget that these are loans… not gifts - England is not bailing anyone out of the goodness of its heart. England as a whole stands to profiteer from these loans, whether it be through interest or future acquisitions instead of or improved trading conditions. You the taxpayer are being shafted on both ends just like the greek taxpayer…
You only profit from a loan if the person/country you loan the money to pays it back.
It’s pretty much certain that despite all this faffing about, Greece is so far in debt that it will default on it’s loan repayments & the markets are predicting that their creditors will then have to make do with only getting half of what they loaned back.
Of course if the Germans actually manned up to their responsibilities & repaid Greece the €90 billion that they owe them things would be a lot better.
Cool, so the British museum will be able to finally get the rest of the Parthenon & ship it over here too? :D:Whistling:
Ahem maybe if you gave that back to us we could sell some of it off to get rid of the debts!
hmm there’s no good outcome, if you believe this …
Greek Debt
