Re:Thomas Piketty: “Germany has never repaid.”
by Svip on Monday July 06, 2015 @02:19AM
(#9837129)
Perhaps. But Germany back then, before the war and now, has/had a large industry and infrastructure to work with (albeit a large part of it destroyed in the war). Greece doesn't have that. I don't disagree we should consider pumping up the Greek economy, but I do not believe the results will be like the German one.
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Re:Thomas Piketty: “Germany has never repaid.”
by danieltillett on Monday July 06, 2015 @02:41AM
(#9837211)
Every debt has a lender and a borrower and the borrower does not force the lender to lend.
At this point it is pretty clear that Greece can never pay off the debt which is just another way of saying that they should never have been lent the money in the first place. Write off the debt and vow to never lend the Greek state any money ever again. Both sides are at fault here.