routsounmanman said:
Apparently, Greece is is not worth a second chance. Start a terrible war (I don't hold Germany solely responsible for WW1), devastate the entire continent, ok here you go, all forgiven. Forge fake fiscal data? ANNIHILATION. Also, it is true that we overborrowed money during the period 2000-2009 but it's a misconception that Greece solely lived through that. Even before adopting the common currency, we were quite a healthy and strong nation (nothing compared to countries like Bulgaria, Latvia, etc that Germans insist we must come down to to become competitive). And losing 26% of GDP is a CATASTROPHE no matter how you try to sugar coat it. And asking for painful and deep reforms (mostly taxes and cuts) during this period only makes things worse. Believe me, if this deal goes through, we're going to lose another 25% in 5 years. No country can sustain that; a default back in 2009 would have brought us in a much better position long-term, but the EU didn't let us default, to save the private baks, and shelter the other big indebted nations (Spain, Italy). PS1: Ignore Davman, just don't even try to answer. |
The way Germany was treated post WWI is what led to WWII with much of the debt artificialy imposed on them as everyone simply said these are our war damages, Germany you must pay them, post WWII they did actually pay back and compensate huge amounts of their debt (though they also had a haircut on it). Greece has had 2nd, 3rd and 4th chances and renigged on each of those chances ever since entering the Euro. Now on top of asking for another chance they also want another haircut on the loans while insulting those providing the loans. It is also amusing that the cartoon says Greece accepted the debt write off as Tsipras has made repeated demands this year that the debt must be repaid, with interest in current euro equivalent.







