Post by Deleted on Jan 30, 2015 15:24:57 GMT -6
The new Government in Greece is pushing hard for .....forgiveness. Not renegotiation, but simple forgiveness. wow
The article helps give some scope of what is being said here, and why the reaction is what it is from Germany and others. It's not very realistic...to say the least.
It's over 1/4 trillion that has been committed and advanced to Greece. It sounds like its down to the last of it and then, paying a bit back. . .or Not.
As I mentioned in the title, forgiveness is the focus in Athens.
Source
I guess Greece may be the second ones to try it. I first heard the theory put into words during a 'teaching session' at occupy where a Prof. from the University of Illinois across the river was over and sharing his wisdom (or lack of it). His theory came down to the same for what the US would do someday, and the world would simply HAVE to accept. Total forgiveness, as a result of general default by an attitude of 'mind over matter'. They don't mind, so it isn't supposed to matter.
Iceland was the other one, and it has had mixed results for them. Some, pretty good..I believe? The way it started, built and happened also had some key differences, to be realistic.
Something tells me Greece may MEAN what they are saying for a position they intend to stand on, and the IMF may not take it very well. This could get interesting!
The article helps give some scope of what is being said here, and why the reaction is what it is from Germany and others. It's not very realistic...to say the least.
"There's no arguing with us about this, and what's more we are difficult to blackmail," Schaeuble was quoted saying in Berlin.
"We are prepared to offer all cooperation and solidarity," he said, but only if Greece abides by its agreements, under which it received 240 billion euros ($270 billion) in rescue loans.
"We are prepared to offer all cooperation and solidarity," he said, but only if Greece abides by its agreements, under which it received 240 billion euros ($270 billion) in rescue loans.
It's over 1/4 trillion that has been committed and advanced to Greece. It sounds like its down to the last of it and then, paying a bit back. . .or Not.
Greece's bailout, which began in May 2010, runs out on Feb. 28 after an initial two-month extension was granted for completion of frozen negotiations with the so-called "troika" — the European Commission, European Central Bank and IMF.
As I mentioned in the title, forgiveness is the focus in Athens.
The new government has indicated that it is not interested in receiving the last 7.2 billion-euro loan installment from its European partners, and will instead focus on debt forgiveness.
I guess Greece may be the second ones to try it. I first heard the theory put into words during a 'teaching session' at occupy where a Prof. from the University of Illinois across the river was over and sharing his wisdom (or lack of it). His theory came down to the same for what the US would do someday, and the world would simply HAVE to accept. Total forgiveness, as a result of general default by an attitude of 'mind over matter'. They don't mind, so it isn't supposed to matter.
Iceland was the other one, and it has had mixed results for them. Some, pretty good..I believe? The way it started, built and happened also had some key differences, to be realistic.
Something tells me Greece may MEAN what they are saying for a position they intend to stand on, and the IMF may not take it very well. This could get interesting!
