Alexis Tsipras' "open letter" to German citizens

Discussion in 'Economics' started by Tsing Tao, Jan 29, 2015.

  1. No, I was referring to the knowledge today.

     
    #711     Feb 23, 2015
  2. Tsing Tao

    Tsing Tao

    I'll be happy being civil when those who post to me are civil. You don't like it, there's always the ignore function (again)!

    Hey look! Another double post.
     
    #712     Feb 23, 2015
  3. Tsing Tao

    Tsing Tao

    Ok, to clarify, you believe that when the money was originally lent out, it was believed it would be repaid, but somewhere down the line from that point, the realization dawned that there was no way it would be repaid because the Greeks would never implement the required austerity.

    Is that accurate?
     
    #713     Feb 23, 2015
  4. That is entirely accurate and has been my stance all along. And to clarify, that money was from the beginning earmarked to satisfy the debt by Greece that came due at that time and a big chunk of that debt was owed to financial institutions and european sovereigns, something all Greeks were 100% aware of at that time. To cry foul now and claiming that it was a trick or backdoor financing or that anyone was unaware that a large chunk (if not all) of the bailout was to satisfy outstanding debt is disingenuous if not outright pretentious.

    And yes, I have always made clear and pointed to the facts how Greece increasingly got caught in its web of lies and that it became more and more apparent that Greeks were more interested in gaming the European subsidy system and belief by other nations in one of the longest-standing unions originally established to promote peace (which to a large degree exactly delivered what it promised) than in working out their poor productivity and how they want to revert back to a positive economic trajectory. Over time most everyone lost trust in Greece and its people. Travel wherever you want in Europe and you will even hear from Spaniards and Italians who believe that Greeks are cheats. You can't ignore sentiment and you can't ignore the damage Greeks have done to their nation and reputation. So yes, with the current Greek attitude towards austerity a lot of hopes have been dampened that Greece is willing to repay its debt. You should keep in mind that Greek has one of the longest durations of outstanding debt among many European nations. We are not talking 5-10 years but 30-40 years of some of the issues' longer maturities.

    Given you ask for clarification now basically means you did not get the point in any of my prior posts. Ask if you do not understand something, has nothing to do with English language skills.



     
    Last edited: Feb 23, 2015
    #714     Feb 23, 2015
  5. luisHK

    luisHK

    I think you should all put Martinghoul on ignore, since he showed up in this thread, it almost looks like an intelligent conversation :(
    Watched 300, the sequel, today on the plane - greeks must get in trance when they watch it. The last standing ( or napping) heroes against the foreign hordes
     
    #715     Feb 23, 2015
  6. d08

    d08

    There has been public polling on the topics but I can't find any links at the moment. I'm originally from the Eurozone, English isn't my first language either but what you said came out as whiny, you weren't necessarily whining. I already like where this conversation is going, lol.
     
    #716     Feb 23, 2015
  7. Tsing Tao

    Tsing Tao

    Thank you for the long-winded clarification. So given that no one believes the debt can be repaid now, the charade I refer to is keeping the bailout alive without any renegotiation. If everyone is indeed aware that it cannot (or will not, take your pick) be repaid, then any attempt to continue it without writing it down or changing the terms is keeping the charade alive.
     
    #717     Feb 23, 2015
  8. Tsing Tao

    Tsing Tao

    I can talk with the ghoul as long as he's not being a Fed apologist!
     
    #718     Feb 23, 2015
  9. Tsing Tao

    Tsing Tao

    Ok, so we'll accept your information on anecdotal evidence basis. Incidentally, I don't care if you're making anecdotal observations (I happen to agree with your view on that) but you can't go all militant and crazy when I make an observation that is also anecdotal.

    If something I said came out as whiny to you, which usually implies audible clues (on text) then we'll just chalk it up to misunderstanding. Some of you folks have seemed whiny to me too, but it was probably a misunderstanding as well.
     
    #719     Feb 23, 2015
    d08 likes this.
  10. Well, I ain't the Almighty... I have no way of knowing what happens, regardless of what everyone wants.
     
    #720     Feb 23, 2015