Germany is the country that has never repaid its debts. It has no standing to lecture other nations

First I posted they never repaid the WW1 debt*, but apparently they actually did, although only 5 years ago:

"Germany is finally paying off World War I reparations, with the last 70 million euro (£60m) payment drawing the debt to a close. Interest on loans taken out to the pay the debt will be settled on Sunday, the 20th anniversary of German reunification.Oct 2, 2010"

So I guess we could give the Greeks 90 years to repay the German debt...

*This is the heavily reduced debt:

" Following the Great Depression in 1929, Germany’s debt was cut to 112 billion marks, payable over a period of 59 years. "

http://qz.com/290183/in-2014-countries-are-still-paying-off-debt-from-world-war-one/

 

Uh-oh, I hope volpunter has been taking his pills today.:eek:

 

The biggest problem is Greece is their culture. They are corrupt, lazy, arrogant bunch of A holes who do not pay any taxes. I mean the whole frigging country is one, big underground economy. They need tax reforms first and foremost!
P.S.
I just came back from Europe(the Balkans) for that matter.....

 

"Time for me to check out"
you are like the residents of a roach motel. you check in but you never check out(disappear). too bad.

 

"It looks as though zero hedge is not bothered by copyright issues"
your posts always contain a throwaway line. you never miss a chance to make a negative comment about people or websites on the right.

 

Poor Greeks. Their pride must be hurt and what was the preferred term again? Oh yes DIGNITY

Lol

 

debt is all very simple. if you are small and owe money the bank owns you. if you owe the bank a very large sum of money you own the bank.

bottom line is don't be a piker. never go bankrupt for a small amount of money.

which one, dear readers, is Greece?

 

"not human lives."
noam chomsky would disagree.

people suffer great stress under runaway inflation. therefore it does shorten human lives.

 

medical equipment costs much more in greece than in germany because of corruption. it would not be surprising if the price of unused needles has spiked and there is a scarcity of them. shared needles is probably the cause of the spike in hiv infections.

 

It has been working perfectly. Debt as percent of GDP in Spain is now lower than in Italy. The situation won't change from a day to another. But by wast agreement of most economists austerity in mentioned countries has turned the death spiral around and finances are starting to look up.but I know you hate everything that smells remotely like austerity