Greeks, what will you vote?

[nanarchy]

generic-user-1 said:

nanarchy said:

generic-user-1 said:
ohhh these idiots from The EU... the euro members will lose 100-200b euro just because those idiots wanted moar pension cuts and not higher taxes...

That money is always going to be lost, the question is should the EU throw more good money after bad, if Greece was a business the answer would be a resounding NO, but they aren't, millions of lives are affected. last financial review I saw even if Greek economy did well it would take a century to repay the debt, I think the EU has long accepted that they won't see their money, the question is how they manage the mess.

how  can not lending money that would repay other loans you gave be throwing good money after bad money?

and it was all about 400m euro the imf and merkel wanted as pension cuts, while the greeks wanted them as higher taxes.

idiots... 

They are effectively paying off the interest of one credit card with another credit card as well as financing the Greek economy (1.8b for debt, rest for government expenditure). The hole gets deeper, what they are a doing is extending credit to kepe them afloat, this strategy is really only effective if there is some hope that a financial recovery can occur, the debt Greece has is simply beyond the financial reality of what their economy can ever hope to sustain, Hence extending them further credit is simply flushing more money down the drain. The EU either needs to cut Greece loose or simply excuse the debt, however excusing the debt simply won't occur in the current situation as it doesn't give Greece any incentive to fix the mess they have created.