Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

geek tragedy

(68,868 posts)

1. they have to give Greece debt relief, there's really no other way out of this.

Reply to melm00se (Original post)

Wed Feb 8, 2017, 09:36 AM

Feb 2017

Greece has suffered--significantly--so it's not clear how much weight the "moral hazard" argument holds any more.

Compromise should be debt relief for the Greeks and a kick in the teeth for the Brits, to re-emphasize that those who try to stay in the EU get rewarded while those that don't, don't.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

18 replies

= new reply since forum marked as read

Highlight:

EU faces crisis as IMF warns Greek debts are on explosive path [View all] melm00se Feb 2017 OP

they have to give Greece debt relief, there's really no other way out of this. geek tragedy Feb 2017 #1

which is easier: melm00se Feb 2017 #5

the former is simpler, the latter is infinitely more practical geek tragedy Feb 2017 #7

Debt restructuring would be the only way out - except that banksters don't like it. tenorly Feb 2017 #10

looking at the breakdown of the Greek bailout melm00se Feb 2017 #15

But as Argentina can tell you, the establishment will gladly use vulture funds (launderers) tenorly Feb 2017 #6

debt held by sovereign states is a different animal than privately held (and transferable) debt nt geek tragedy Feb 2017 #9

I was referring to bonds held by private parties (the ones vulture funds bought from resellers). tenorly Feb 2017 #11

my point was that I don't think there are private bonds at stake geek tragedy Feb 2017 #12

You mean corporate bonds bought by the Greek Gov't. that are no longer performing? tenorly Feb 2017 #13

no, that the debt forgiveness being contemplated here would be by sovereign states geek tragedy Feb 2017 #14

I see - and I wish they would. tenorly Feb 2017 #16

CDS's are someone else's bet, not enforceable against Greece or EU states nt geek tragedy Feb 2017 #17

Not against them directly, no; but they do create great incentive to force a defaut at their expense tenorly Feb 2017 #18

Greece should build a few Trump hotels and get out of debt. nikibatts Feb 2017 #2

Not quite bold enough Tom Rinaldo Feb 2017 #4

the IMF expected Greece to starve it's citizens to pay off their debts... Javaman Feb 2017 #3

My husband and I stumbled onto prime beachfront real estate in the Dominican Republic, in an area secondwind Feb 2017 #8