Greece Defaults. What now?

[Azuren]

nanarchy said:

routsounmanman said:

Apparently you know better than Krugman. What's a Nobel prize worth, right? 

Barack Obama and Al Gore Have Nobel Prizes, that alone makes me give ZERO credibility to that title but that aside. the article is a fluff piece that completely ignores Greece's past failings to meet loan conditions, ignores previous write downs of debt and ignores the total lack of credibility Greece has as they are saying they will immediately do things that less than a week ago they claimed without question would not EVER be accepted. I don't care what his credentials are, when you write a fluff piece like that it doesn't matter whether you are the greatest economist in the world or a idiot, it is still horse shit.

Also like it or not the debate on this isn't purely economical, it is political, To accept Greece's proposal off hand would be a political poison pill for many of them, basically asking them to throw away their political future on behalf of Greece. If they are to have any chance to sell the agreement back to their own voters it has to be politically palatable, i.e. it can't look like Greece got favourable terms.

To be fair, Gore put a lot of effort into that documentary. Obama did absolutely nothing, though, which cheapens the efforts of everyone else who has won it in the past (including my fourth cousin, Glenn Seaborg).