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In reply to the discussion: For those who don't know what the "Greece" problem in Europe is about - here's the explanation [View all]coalition_unwilling
(14,180 posts)15. And if there's not enough thistle and roadkill, they can always fall
back on hemlock, Socrates' final supper.
Greece can default on the new series of bonds but, if she does so, will probably have to exit the Euro and return to the Drachma.
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For those who don't know what the "Greece" problem in Europe is about - here's the explanation [View all]
Sarah Ibarruri
Apr 2012
OP
The vast majority of the bonds were exchanged for a significant haircut. This is outdated info.
dkf
Apr 2012
#1
This kind of economic conflict did NOT lead to WWII. British and French guarantees of
coalition_unwilling
Apr 2012
#14
Yes. This kind of economic depression and class differences lead to the rise of Hitler.
JDPriestly
Apr 2012
#27
I would never disparage social history and its various media (such as oral
coalition_unwilling
Apr 2012
#32
Have not read that specific work by Gunther. I have read some of his
coalition_unwilling
Apr 2012
#34
With no funds in govt, since they weren't collecting taxes as they ought to have been. nt
Sarah Ibarruri
Apr 2012
#20
So it's only hedge funds that are holding Greek debt? Sounds like baloney to me.
badtoworse
Apr 2012
#2
Greece has already collapsed. This is what an orderly collapse looks like.
banned from Kos
Apr 2012
#6
I'm the furthest thing from an economist the world has ever seen, however...
Sarah Ibarruri
Apr 2012
#25
The expectation of being repaid is an absolutely essential element of any lending arrangement.
badtoworse
Apr 2012
#26
Not really, Greek tax cheats are mostly the uber wealthy because they have political control.
fasttense
Apr 2012
#17
Same old story: the rich versus a true people's democracy, but, of course,
Sarah Ibarruri
Apr 2012
#24
And if there's not enough thistle and roadkill, they can always fall
coalition_unwilling
Apr 2012
#15
Apparently, Greece was collecting a minutiae in taxes, and that's the way the country was run -
Sarah Ibarruri
Apr 2012
#19
Greece's tax collections were not far out of line with the rest of the Eurozone.
girl gone mad
Apr 2012
#30