Minion said:I am happy that Greece is saying "NO" to more dept. They will not take any more money from EU no matter what the terms. They would want to renegotiate the existing dept to be without a deadline but instead be tied to economic growth. This is absolutely the best idea imho because if Greece prospers then the investors prosper. Now the situatioan is hopeless and on an endless loop.
but where will they find the money then? can they rely on exportations? especially when they can't even pay their workers?
What needs to happen is easing the terms of the repayment schedule, reducing the interest payable on loans, and introducing a moratorium on repayments until Greek growth improves.
What Syriza wants is a write off of big chunk of the loan, yeah that would work too, but I don't see that happening.
Economic growth is key also, but it cannot possibly happen in the current situation.
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"These friends probably started using condoms after having produced the most optimum amount of offsprings. Kudos to them for showing at least some restraint" - Tsar-ivor
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posted January 28, 2015 04:04 PM
