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What if Greece just declares itself a bunch of city-states again? e: This was just a dumb joke but now I'm genuinely curious - if the national government completely dissolves does the debt dissolve with it?
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Jul 16, 2015 01:45
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demonicon posted:Within the Eu Germany isn't a net exporter. The trade is pretty balanced. But outside of the EU they are, so...???
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Jul 16, 2015 04:40
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Bwee posted:Can someone please explain the pro-austerity argument, I understand that it's a "rich get richer" thing but they can't sell it like that They appeal to a vague notion of spartan virtue which appeals to small-government nationalists of many stripes. They also have tame economists.
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Jul 16, 2015 05:24
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Uroboros posted:So I'm so super ignorant in this topic. Greece is heavily in debt and in a financial crisis while the US is deeply in debt but doesn't seem to be on the verge of economic collapse. Is this purely because of political power? The owners of Greece's debt are actually larger than their debtor while the U.S. has its debt spread amongst many lesser economic powers who would suffer majorly if the U.S. collapsed and thus have no interest in forcing the issue? One part of the answer is that about 2/3rd of the US federal debt is held domestically by US citizens and institutions, which is even better than than debt held by like Luxembourg.
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Jul 16, 2015 22:03
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ColoradoCleric posted:Seems like there is several types of austerity going on here, the low taxes and low public spending in America, the privatization in the U.K., and the restructuring of Greece's debt. They all have the same goal: destroy welfare states.
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Jul 17, 2015 17:02
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KingFisher posted:You see Greek is like a household. If you're comparing national economies to households you're already way outside of economic reality.
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Jul 20, 2015 00:01
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KingFisher posted:I am using it as pejorative, to demean the greek, they brought this on themselves, they are children unfit to govern themselves. So even if we did live in your fantasy world of the Filthy Degenerate Greek - you think all the children who can't vote in that country deserve to suffer through "austerity"? Or all the Fiscally Responsible opposition voters?
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Jul 20, 2015 04:20
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| # ¿ May 8, 2024 21:22 |
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paragon1 posted:I find it extremely telling that you haven't come up with an answer for who *forced* the Germans to make the loan. You don't seem to understand that the creditor has more money than the debtor so they're better people. Because capitalism meritocracy something something.
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Jul 20, 2015 07:52
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