[–] daskapitalist 2 points -1 points 1 point (+1|-2) ago
Debtors refusing to pay their bills getting their stuff repo'd? This is not exactly a surprise.
[–] etvmueller 0 points 2 points 2 points (+2|-0) ago
The surprise will be if the cumulative debt of the world will be paid by this world.
[–] bubblesort 0 points 2 points 2 points (+2|-0) ago
[–] technologyisnatural 0 points 2 points 2 points (+2|-0) ago
The sticking point is the humiliating German proposal to put 50 billion euros of Greek assets into an offshore fund while they are sold off.
Holy shit, Greece is to be sold to the highest bidder.
[–] refugee610 2 points -2 points 0 points (+0|-2) ago
Is this even a bad thing? Multiple Greek governments in a row have shown they can't run a country.
Hell, maybe it's time to dissolve Greece as a country and make it a ward-state of the EU itself. Let them make minor decisions but always have to abide by the central authority's decisions first.
Umm! I may be mis-informed but I am under the impression that the reason the last couple of Greek Governments failed was becuase of the debt deals. They have always had their backs against the wall. There is only so much you can do with what you have. When most of the "loans" are used to pay interest to other "loans", bailouts, and such. If the government cannot use the money to build the nation how can it advance. This is nothing more then the principle of predatory lending that took down the housing market in the US. Greece has been forced for years to make bad agreements in order to "save" Europe from it's ultimate fate. I have a feeling after all this mess. The UK will solidify their position to move out of Europe, and frankly......They should.
[–] krankysaurus 0 points 2 points 2 points (+2|-0) ago
I really hate to sound like a conspiracy theorist, but is it possible that the NSA bugged Angela Merkel's phone because of her involvement with the IMF and the other big financial institutions?
[–] dahlia 0 points 1 point 1 point (+1|-0) ago (edited ago)
I think you're wastly oversimplifying here. Everbody looks after their own backs -- there are no real "teams" here. I think /user/krankysaurus has a point. However, it's probably more likely she was bugged along with all other world leaders, it's just that we haven't found out about the others yet.
[–] [deleted] 0 points 8 points 8 points (+8|-0) ago
[–] bubblesort 0 points 6 points 6 points (+6|-0) ago
No kidding. The IMF shouldn't be making incendiary statements like this.