Greece and lenders agree new bailout deal, finance minister says

jayce

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Quote from: tsoPANos on August 11, 2015, 05:31:41 PM

Quote from: jayce on August 11, 2015, 02:11:10 PM

Well Greece are just digging its own hole deeper, but there is no other solution except that for now. Greece would face same crisis once again in the deadline of payment time in future. No chance for Greece to pay all its debt, even for half.

Ok so why do the other European countries lend to that country?
Would you lend to someone if you were sure he couldn't pay back?
Don't tell me they don't know, they do, they really do....

Imo those european countries have to lend Greece again because Greece crisis could affect the economy of whole european since greece using euro too. But seems LaudaM has different perception, and I think he is right.

Lauda

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Terminated.

Quote from: tsoPANos on August 11, 2015, 05:31:41 PM

Ok so why do the other European countries lend to that country?
Would you lend to someone if you were sure he couldn't pay back?
Don't tell me they don't know, they do, they really do....

Because they are making money off of this. More debt to pay debt is not a solution, it's just as jayce said, digging a deeper hole. According to a study, Germany has gained 100bn euros from Greece.

Quote

The estimated €100 billion Germany had saved since 2010 accounted for over three percent of its GDP, the report said.
"These savings exceed the costs of the crisis - even if Greece were to default on its entire debt," the study said.

Germany and the others are slowly taking advantage of these countries. Either they profit directly like this, or indirectly (if Greece starts selling islands or something). I always wonder how a country manages to get itself in such a situation.

tsoPANos

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In math we trust.

Quote from: jayce on August 11, 2015, 02:11:10 PM

Well Greece are just digging its own hole deeper, but there is no other solution except that for now. Greece would face same crisis once again in the deadline of payment time in future. No chance for Greece to pay all its debt, even for half.

Ok so why do the other European countries lend to that country?
Would you lend to someone if you were sure he couldn't pay back?
Don't tell me they don't know, they do, they really do....

jayce

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Pie Baking Contest: https://tinyurl.com/2s3z6dee

Well Greece are just digging its own hole deeper, but there is no other solution except that for now. Greece would face same crisis once again in the deadline of payment time in future. No chance for Greece to pay all its debt, even for half.

V for Varoufakis

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Did they asked the left platform?

zenitzz

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Only ‘two or three small issues’ remain pending, says Euclid Tsakalotos after all-night talks in Athens with international lenders

Greece and its international lenders clinched a multibillion-euro bailout agreement on Tuesday after all-night talks, officials said, raising hopes that aid can be disbursed in time for a major debt repayment due in days.

After a 23-hour session which started on Monday afternoon, exhausted Greek officials emerged in a central Athens hotel to announce that both sides had agreed details of the deal, although a couple of minor issues remain.

“Finally, we have white smoke,” a finance ministry official said. “An agreement has been reached. Some minor details are being discussed right now.”

The Greek finance minister, Euclid Tsakalotos, confirmed that “two or three small issues” remain pending.

Read more: http://www.theguardian.com/world/2015/aug/11/greece-and-lenders-agree-new-bailout-deal-says-finance-ministry-official

Topic: Greece and lenders agree new bailout deal, finance minister says (Read 486 times)