Topic: Greece Cannot Pay, Greece Will Not Pay - page 7. (Read 8166 times)
Hi, I think its Greece last option to get out of his problems. They have to take right decisions regarding Economy. But on the other hard, it will be counter productive if they will implement for austerity measures in pensions etc
Why Greece don't leave the EU? it may the only way to avoid bankruptcy of the country.
This is all a big circus by both Troika and Tsipras. They know they'll never get their shit together. The debt is unpayable, Merkel doesn't even want to remove the 30% of debt suggested by Tsipras. We will end up on the start line again in no time, and we'll have another referendum, only this time it will be "do you want to leave the eurozone?"
The point is that debt relief shouldn't be gotten without genuine severe hardship. I think (I hope) most European leaders know that they won't see their money back. But there are two problems in applying directly a debt relief:
1) as long as they can pretend that the debt will be paid back, they don't have to take it officially in the deficit of their own states. No politician wants to be blamed for having added 60 billions to the state deficit because he "allowed" Greece to a debt relief. As long as those debt papers lie there, they can pretend that the money is still somehow due.
2) There are other European countries, such as Spain, Ireland and Portugal, who went through a lot of harsh measurements, who didn't get any debt relief, and who are starting to surface again. If Greece gets an easy debt relief, why wouldn't these countries not get debt relief too ? And the problem is: their debt is too big, it would ruin the whole European economy if their debt were resolved. They are working hard to become solvent again. Why would they, if they could just ask for a relief ?
So the point is that the Greek have to bleed so hard for their debt relief, that nobody is going to want to ask for one again.
There going bankrupt and they'll probably sonnet or later start using bitcoin
they have other 3 years of fund from the central european bank, they have their ass covered for now, but they need to plan all the changes to be done to fix all the issue with their country, so taxes, pension ecc...
they will not use bitcoin, no governments will adopt bitcoin, the only people that can do it are the citizens and not a single entity like a government or banks...
Exactly. What has happened is poignant. They have compensation for the moment from the central bank , but it will take a long time for them to cover all the damage that has taken place. Of course ,bitcoin is not a viable option for them, not for the people for now nor for the government or banks which is kinda never gonna happen. (for the banks ) to adopt BTC.
The people can perfectly start using BTC on their own, we don't need to wait for institutions to jump in because they will most likely never do it. Anyway, in 10 years, a 10 year old will already know how to use BTC and recieve and send payments. By the time he is 18, do you think he is going to open a bank account? do you think he will like the fees, the waiting 3 days for an operation to get confirmed.. and all the rest of the shitty remarks of the traditional banking system? Nope. Thats how the traditional banking system will die.
With big respect for your thoughts about bitcoin and for the bitcoin itself I don't think that that boy in the age of 18 it is not going to open a bank account. If he will work to live he will have his money only through the banks. So the banks are essentials for our life. We only hope that the banks at his 18 age will be better and will have adopted bitcoin as a currency in its everyday doing things.
There going bankrupt and they'll probably sonnet or later start using bitcoin
they have other 3 years of fund from the central european bank, they have their ass covered for now, but they need to plan all the changes to be done to fix all the issue with their country, so taxes, pension ecc...
they will not use bitcoin, no governments will adopt bitcoin, the only people that can do it are the citizens and not a single entity like a government or banks...
Exactly. What has happened is poignant. They have compensation for the moment from the central bank , but it will take a long time for them to cover all the damage that has taken place. Of course ,bitcoin is not a viable option for them, not for the people for now nor for the government or banks which is kinda never gonna happen. (for the banks ) to adopt BTC.
The people can perfectly start using BTC on their own, we don't need to wait for institutions to jump in because they will most likely never do it. Anyway, in 10 years, a 10 year old will already know how to use BTC and recieve and send payments. By the time he is 18, do you think he is going to open a bank account? do you think he will like the fees, the waiting 3 days for an operation to get confirmed.. and all the rest of the shitty remarks of the traditional banking system? Nope. Thats how the traditional banking system will die.
There going bankrupt and they'll probably sonnet or later start using bitcoin
they have other 3 years of fund from the central european bank, they have their ass covered for now, but they need to plan all the changes to be done to fix all the issue with their country, so taxes, pension ecc...
they will not use bitcoin, no governments will adopt bitcoin, the only people that can do it are the citizens and not a single entity like a government or banks...
Exactly. What has happened is poignant. They have compensation for the moment from the central bank , but it will take a long time for them to cover all the damage that has taken place. Of course ,bitcoin is not a viable option for them, not for the people for now nor for the government or banks which is kinda never gonna happen. (for the banks ) to adopt BTC.
They need a kind of inspiration of Aristotle,Socrates,Demosthenes,Plato and the great Greek philosophers any of them would tell them to do.
LOL This is hilarious, thanks for the Giggle..Well the debt certainly can't be paid off within the next three generations unless thew debt gets restructured with a serious haircut. I want to see the EUROZONE peeps shave the debt at least by 605 like they did for Germany after world war two lol.
They need a kind of inspiration of Aristotle,Socrates,Demosthenes,Plato and the great Greek philosophers any of them would tell them to do.
For sure the Greeks will not be able to pay the debts. Not now and not ever. The problem is how much that and all the possible solutions will affect the everyday life of them. For this must be harder to make prediction. Because for this question is fighting Tsipras and all the other Greek politicians.
Who bet that the Greeks will continue to do the "dolce vita" even with the every kind of restrictions they must have from the countries who give them the money?
Hope to be wrong.... But is a worthless hope.
Who bet that the Greeks will continue to do the "dolce vita" even with the every kind of restrictions they must have from the countries who give them the money?
Hope to be wrong.... But is a worthless hope.
Reminds me of what happens to the IMF loan they defaulted 2 weeks earlier before they get this fresh loan. Probably a write-off?
They need a kind of inspiration of Aristotle,Socrates,Demosthenes,Plato and the great Greek philosophers any of them would tell them to do.
A philosophy can't help them, even they have had Aristotle, Plato, etc in ancients. imo the best and easy way is sold the some islands to neighbor countries, but it will be useless if the corruption is still rampant there. At the time, the government force the greeks to pay high tax and the price of food has risen at the same time.
They need a kind of inspiration of Aristotle,Socrates,Demosthenes,Plato and the great Greek philosophers any of them would tell them to do.
Greece will inevitably go bankrupt and has sold now all its hard assets so it is getting poorer and poorer, soon we will see Greece as part of Africa, not Europe and unfortunately the Greek people still want to live in the bubble of a good life on borrowed money..I feel sorry for Tsipras because he just has his hands tied either way..Unless the Greeks get outside of the big cities and start growing more veggies, stop borrowing money to buy German cars and sending their kids all to University and private English lessons, rebuilding their country, paying their taxes, we will see a third bailout program failure and an even more poorer Greece..
I think Africa is too much, but it will definitely end up as a some sort of Romania type of country. It's not going to get any better for them. Both Tsipras and Troika know the current conditions cannot be ever meet. So it's either Troika giving Tsipra a better deal in the next months or riots on the street because the Greeks cannot handle it anymore.
Other EU member countries will pay Greece debt, all EU countries are friends 
There going bankrupt and they'll probably sonnet or later start using bitcoin
they have other 3 years of fund from the central european bank, they have their ass covered for now, but they neew to plan all the changes to be done to fix all the issue with their country, so taxes, pension ecc...
they will not use bitcoin, no governments will adopt bitcoin, the only people that can do it are the citizens and not a single entity like a government or banks...
There going bankrupt and they'll probably sonnet or later start using bitcoin
they have other 3 years of fund from the central european bank, they have their ass covered for now, but they need to plan all the changes to be done to fix all the issue with their country, so taxes, pension ecc...
they will not use bitcoin, no governments will adopt bitcoin, the only people that can do it are the citizens and not a single entity like a government or banks...
Greece will inevitably go bankrupt and has sold now all its hard assets so it is getting poorer and poorer, soon we will see Greece as part of Africa, not Europe and unfortunately the Greek people still want to live in the bubble of a good life on borrowed money..I feel sorry for Tsipras because he just has his hands tied either way..Unless the Greeks get outside of the big cities and start growing more veggies, stop borrowing money to buy German cars and sending their kids all to University and private English lessons, rebuilding their country, paying their taxes, we will see a third bailout program failure and an even more poorer Greece..
There going bankrupt and they'll probably sonnet or later start using bitcoin
It kind of problems dont can be resolve on a couple of years, But certainly pay can be done for them, I remember at least a country that got up even after of the devastation.
Greece has seriously tipped over and they failed as a country
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