tag:blogger.com,1999:blog-26981669.post5026608916318266506..comments2024-03-23T10:55:30.196-05:00Comments on Cold Fusion Guy: Greece: Timeline of Debt CrisisJim Peethttp://www.blogger.com/profile/07649414726939918803noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-26981669.post-86406293036341129052015-06-07T15:58:46.196-05:002015-06-07T15:58:46.196-05:00France Sees Time Limit on Greek Debt Accord - Fina...<a href="http://www.wsj.com/articles/frances-sapin-no-agreement-on-greece-debt-possible-after-end-of-june-1433700979" rel="nofollow">France Sees Time Limit on Greek Debt Accord - Finance Minister says eurozone exit would be worst of catastrophes for Greece</a>:<br /><br /><i>French Finance Minister Michel Sapin Sunday said an agreement on Greece debt to keep the country in the eurozone is impossible after the end of June, adding pressure on Greek Prime Minister Alexis Tsipras, who took a defiant stance in a speech in his country’s parliament on Friday.<br /><br />“From here to the end of June there is an agreement between Greece and its European partners, beyond the end of June, there is no agreement,” Mr. Sapin said in a radio interview on Sunday evening.<br /><br />The Greek government and its partners are well aware that a Grexit—a Greek exit from the eurozone--“would be for Greece the worst of catastrophes,” </i>Jim Peethttps://www.blogger.com/profile/07649414726939918803noreply@blogger.comtag:blogger.com,1999:blog-26981669.post-35745656443525047262015-06-07T14:42:39.835-05:002015-06-07T14:42:39.835-05:00My big fat Greek default — when will Athens realiz...<a href="http://nypost.com/2015/06/07/my-big-fat-greek-default-when-will-athens-realize-theres-no-free-lunch/" rel="nofollow">My big fat Greek default — when will Athens realize there’s no free lunch?</a>:<br /><br /><i>The most powerful arguments in favor of both default and Grexit relate to political economy and electoral psychology. Greece’s debt burden is too big. It can never be repaid. The sooner everybody accepts this, the better. Just as importantly, however, most Greek voters seem to agree with the current government’s ideology: They want, by and large, to remain in the euro but don’t want to have to abide by its broadly orthodox rules on taxes, spending and markets.</i>Jim Peethttps://www.blogger.com/profile/07649414726939918803noreply@blogger.comtag:blogger.com,1999:blog-26981669.post-51148304099964228532015-06-05T11:39:55.343-05:002015-06-05T11:39:55.343-05:00Multiple generations of Greeks will suffer no matt...Multiple generations of Greeks will suffer no matter what; it is a question of austerity today or long term bad credit, which is going to kill capital formation there. Yikes.Bike Bubbahttps://www.blogger.com/profile/08193546045614393425noreply@blogger.com