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Replies to Msg. #690347
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 Msg. #  Subject Posted by    Board    Date   
39268 Re: Merkel: �Incalculable� Damage If
   Sock it to those who were stupid enough to take on Greek debt in the f... 		capt_nemo   ROUND   28 Feb 2012
 11:35 PM
39265 Re: Merkel: �Incalculable� Damage If
   decomp ...there is only one solution to all this debt. We must find o... 		ribit   ROUND   28 Feb 2012
 11:16 PM

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Re: Merkel: �Incalculable� Damage If Greek Plan Rejected

By: Decomposed in ROUND
Tue, 28 Feb 12 10:22 PM
Msg. 39261 of 45651
(This msg. is a reply to 39249 by ribit)
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re: "IMHO, all these bailouts are doing is stalling the inevitable."

Hard to say. In a world where nameless entities simply PRINT money, why shouldn't Greece be bailed out? Why not bail out homeowners and folks without medical insurance, too? (Oh, yeah, we ARE doing the latter.) It's not like it's THEIR wealth that's being redistributed or anything.

On the other hand, defaults of one sort or another are coming. Either Greece refuses to pay its bills, or it accepts a bailout that includes a hefty hit to those owning Greek debt, or the EU expands its own debt (upon which it will eventually default.) and bails Greece out FOR NOW.

IMO, the best situation is for Greece to default. Right now. Sock it to those who were stupid enough to take on Greek debt in the first place. The problem should rightfully belong to them.


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