so the Greeks can come up with a recovery plan from there.

what do you do as the leader of a nation?

Do you bring in cheap manufacturing for jobs? What? Rebuild streets and fuck the debt?

they go back to the drachma, it would boost the tourist business that they heavily rely on and help a recovery.

piling interest upon interest, sort of like my credit card. I'm sure I paid the principal years ago. I think they can forget the debt and still come out quite cozily rich.

I would rather bail out actual people than bail out big banks.

how-

employees paid under the table
tax issues etc etc

he supposedly was hiding money in Greece....

wonder how that is working out for him....


i think there are limits to the anarchy europe can allow to transpire if the term European UNION is to mean anything

non-socialists from commenting:

I'd play chicken with Germany. They can't afford to let Greece grexit. They have MUCH more to lose. Worst case scenario, Greece is ejected, and they hit up China or Russia for loans in exchange for maritime sharing rights (or whatever that's called), to be rescinded after repayment has been made.

In the event that NATO treaties give veto rights to other NATO members when it comes to maritime treaties/collateral loans, then hit up the US for loan guarantees like we do Israel.

Behind the scenes, it's likely the US is indeed pressuring Germany to give in.

I'm a nobody, so who cares what I think or what I would do, but you asked.

the toll on the Euro would be nill-

the politics of having a nation fail out of the union is huge-


Rock and Hard place I would assume-

But even if not, I agree that the politics of it would be huge for Europe and the US. And, by extension, Israel and Saudi Arabia and just lots of places.

Greece, in my view, is like Albania of 1914. Or maybe I'm just a lunatic. Probably a lunatic, lol.

Maybe in 2010 when the crisis threatened to overturn the whole banking house of cards, but Greece's economic problems have been pretty well isolated by now. Germany and the other power players in the EU have an ideological and political stake in keeping Greece in the fold, but could easily weather the economic hit. Meanwhile, a messy ejection from the EZ would cripple Greece even more than it is now, and make the previous few year's austerity look like a golden age.

Or the US for that matter?

Eventually replace the govt with one of your own choosing. Help break up NATO. Bases in Europe.

I could think of lots to do with Greece if I was Putin or China.

I would not donate to a Greece Go Fund Me.

Greece hasn't proven that they can or will put together a cogent plan for getting out of debt, mostly because they have been getting loads of money allowing them to not address the underlying issues.

And given that they have just proven that they don't want to pay their existing debt, why would I believe they would pay back what they borrow from me?

Suggesting just eliminating the debt has consequences as well. How does the Euro Zone get any other countries to pay back loan debt if they let Greece off? Additionally, how does it make Greece get serious about structural reforms?