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Author Topic: Greece Cannot Pay, Greece Will Not Pay  (Read 7927 times)
Zeroxal
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September 13, 2015, 11:37:29 PM
 #141

Well, if the EU still tries to loan to Greece, they will never be able to repay anything, as the interest gets you more dept. And if Greece is in danger, then the Euro will be too. Euro has fallen badly last two years.
One of the solutions is actually kick Greece out of the EU or GIVE them money to rebuild their country. If Greece can rebuild, then the worth of Euro would be stable again.
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September 14, 2015, 05:24:59 AM
 #142

Well, if the EU still tries to loan to Greece, they will never be able to repay anything, as the interest gets you more dept. And if Greece is in danger, then the Euro will be too. Euro has fallen badly last two years.
One of the solutions is actually kick Greece out of the EU or GIVE them money to rebuild their country. If Greece can rebuild, then the worth of Euro would be stable again.

This is the intention. To give them money to rebuild the country. But only if that money go really in that direction. Because all the war made from Tsipras these last months was for giving the money for the thing that Tsipras wanted to do. Without restructuring the structure of economy in Greece no one money will solve nothing.
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September 14, 2015, 02:56:13 PM
 #143

Well, if the EU still tries to loan to Greece, they will never be able to repay anything, as the interest gets you more dept. And if Greece is in danger, then the Euro will be too. Euro has fallen badly last two years.
One of the solutions is actually kick Greece out of the EU or GIVE them money to rebuild their country. If Greece can rebuild, then the worth of Euro would be stable again.

Well if what i've researched is correct, there is a treaty that basically says no country outside of the EU can kick a country that's inside the EU, so they can't kick Greece outside of the EU, it's just not a possibility that they can get away with.
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September 14, 2015, 03:53:19 PM
 #144

Well Greece can only pay if the interest rates on the loan are lowered and the debt is totally restructured and shaved off enough in order for the GDP of Greece to rise and produce more surplus in order for it to be paid off, Otherwise at present the debt cannot be sustained in it's present force with one million servants being a burden on the national budget and one out of tow youngsters being unemployed and the rich keep evading their taxes and not investing in their country.

I agree, the only way to save Greece is to shave the debt but IMF won't let that happen.

Wrong. IMF it is the only of the three factors (European Union and European Central Bank) which agree this option. The other two don't. But I think that soon or later and after some radical reforms the debt of Greece will be restructured.

This is like trying to restructure the debt of someone who owes 1 Billion, earns $50,000 they will NEVER be able to pay even the interest.
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September 15, 2015, 05:26:44 AM
 #145

greece will pay. it just needs to take its time. Cheesy

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September 16, 2015, 03:12:49 AM
 #146

Well, if the EU still tries to loan to Greece, they will never be able to repay anything, as the interest gets you more dept. And if Greece is in danger, then the Euro will be too. Euro has fallen badly last two years.
One of the solutions is actually kick Greece out of the EU or GIVE them money to rebuild their country. If Greece can rebuild, then the worth of Euro would be stable again.

The loaning with Greece is dragged to a hugely long term plan of repayment. Through this and extremely low interest rates the economy is supposed to be given a chance to breathe and that's what optimists in Greece are counting on now. All around I'm seeing people believing that it can't really get much worse and that the economy will slowly rebound. I'd really hope that'd be the case but I'm hesitant too. Greece has insignificant production when compared to it's EU counterparts and on top of that, unemployment rates that are extremely high as well as a faulty educational system.

To hope that Greece will suddenly start doing better, Greece needs some time to breathe. And that time won't come with more loans. The terms of near-term repayment need to be loosened, exceeding austerity has only proven to damage the economy. It's sad that the institutions try to push for more. It only leads to Greece needing more loans.
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September 23, 2015, 11:54:15 AM
 #147

greece will pay. it just needs to take its time. Cheesy

Not possible. Don't have the necessaries resources. They can do everything that they be able but don't have the resources. It has been told even by IMF. The debt of Greece is unsustainable. I think that after radical reforms made from the Greeks this debt will be restructured even Germany or other some satellite country now are against this. It is not possible other solution if the EU will want that Greece come out from its disastrous situation.
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September 24, 2015, 05:30:34 AM
 #148

...

"What cannot be repaid, will not be repaid."
- traditional

Despite the five year drama on Greece and their attempts to stay in the EU and with the euro, it is clear that Greece will NOT repay their external debts.  Despite this latest "deal", the math cannot be ignored: Greece cannot pay their debts, so they will not.  Some kind of default is inevitable.

In general there are three ways extreme debtors use to extinguish debts (other than paying up):

1)  Inflate them away.  This (as well as number three below) is what most governments around the world are doing.  Printing the money.  An increased inflation rate lowers the real value of the debt, borrow money, and repay in devalued money in the future.  This is easy to do.

2)  Default (don't pay).  This happens from time-to-time.  Argentina has defaulted twice in recent years.  Greece has defaulted many times in its +/- 100 year modern history as a nation.  A large scale default tends to be deflationary, there are perils to a population and government in a country that defaults.

3)  Increase the debts!  Debtor countries, including the USA, can often get away with this as long as lenders perceive that they will get their money back (at least recently-loaned money).  This is the easiest of them all in the short-term  But, increasing debts almost always leads to ever increasing problems trying to pay (or later restructure).  Because at some point, no one will loan them any more money...

*   *   *

Of course, any country just getting into trouble would find that total long-term harm is less by biting the bullet and paying their debts quickly.  The problem is that politicians, and their electorates, only want EASY solutions.  Paying debt is never the "easiest" solution.

Greece is in an advanced state of huge debts (their debt: GDP ratio is around 177%).  They cannot pay them off, at least in uninflated terms.

Greece will default.  The mathematics is irrefutable.  The only question is how and when.  Which of the above options they will use.

Beware.  Prepare.  European debts (US debt too) are a big problem, with big consequences,  that will likely spread here.


They will pay or ww3 is not very hard to follow, anyway they will pay just need some time.
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