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Thread: Greece debt repayment in full is 'unrealistic', says Syriza

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    Greece debt repayment in full is 'unrealistic', says Syriza



    It is unrealistic to expect Greece to repay its huge debt in full, the chief economics spokesman for the victorious Syriza party has told the BBC.

    "Nobody believes that the Greek debt is sustainable," Euclid Tsakalotos said.

    The far-left Syriza, which won Sunday's general election, wants to renegotiate Greece's 240bn (179bn; $270bn) bailout by international lenders.

    EU leaders have warned the new Greek government that it must live up to its commitments to the creditors...

    But Mr Tsakalotos stressed that it would be "my worst nightmare if the eurozone collapses because Greece falls". "

    And if Greece falls and is removed from the eurozone - the eurozone will collapse. We said from the beginning the eurozone is in danger, the euro is in danger, but it isn't in danger from Syriza... it is in danger from the very policies of austerity"....

    Meanwhile, EU Commission President Jean-Claude Juncker warned that Greece cannot expect any reduction of its debt commitments.

    He said it "is not on the radar" of the commission.

    German government spokesman Steffan Seibert stressed it was important for Greece to "take measures so that the economic recovery continues".

    Jeroen Dijsselbloem, president of the Eurogroup, said on Monday: "There is very little support for a write-off in Europe."...

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    Re: Greece debt repayment in full is 'unrealistic', says Syriza

    Their new President is such a Socialist Low life. Honestly, there's no other word for it.

    One of the first things he did was to go and lay flowers at a WW II Memorial. Apparently the Nazi's executed 200 Greeks and he felt ( for some reason ) he needed to call attention to this.

    German banks hold massive amounts of their worthless debt. I'm seeing a connection

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    Re: Greece debt repayment in full is 'unrealistic', says Syriza

    Someone should be along shortly to freak out over any and all EU/Euro criticism, citing no sources in defense (because none exist,) but claiming all of our sources are partisan and flat out wrong.
    "Every time something really bad happens, people cry out for safety, and the government answers by taking rights away from good people." - Penn Jillette.

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    Re: Greece debt repayment in full is 'unrealistic', says Syriza

    Quote Originally Posted by OrphanSlug View Post
    Someone should be along shortly to freak out over any and all EU/Euro criticism, citing no sources in defense (because none exist,) but claiming all of our sources are partisan and flat out wrong.
    That and the posters who will paint Greece as a victim and claim " austerity " is the root of all evil.

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    Re: Greece debt repayment in full is 'unrealistic', says Syriza

    If you don't want to pay a loan back by the terms agreed upon, don't agree to take the loan.

    If you are hopelessly in debt, you cut your expenses as best you can so you can get back into the black.

    This man condemns fiscal responsibility and campaigned on not paying his debts. Classy fella.

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    Re: Greece debt repayment in full is 'unrealistic', says Syriza

    Quote Originally Posted by JayDubya View Post
    If you don't want to pay a loan back by the terms agreed upon, don't agree to take the loan.

    If you are hopelessly in debt, you cut your expenses as best you can so you can get back into the black.

    This man condemns fiscal responsibility and campaigned on not paying his debts. Classy fella.
    Germany went through the trouble and effort of balancing it's budget some time ago. Let's see how lenient they are with debtor nations who refuse to even pretend to have an interest in doing so.

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    Re: Greece debt repayment in full is 'unrealistic', says Syriza

    Quote Originally Posted by JayDubya View Post
    If you don't want to pay a loan back by the terms agreed upon, don't agree to take the loan.

    If you are hopelessly in debt, you cut your expenses as best you can so you can get back into the black.

    This man condemns fiscal responsibility and campaigned on not paying his debts. Classy fella.
    A one sided take on the issue. Part of fiscal responsibility means not making loans to people who can't pay them back. If you do that, you have to shoulder the responsibility of the consequences, which means accepting losses. If you can't do that, don't make loans in the first place.

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    Re: Greece debt repayment in full is 'unrealistic', says Syriza

    Quote Originally Posted by MildSteel View Post
    A one sided take on the issue. Part of fiscal responsibility means not making loans to people who can't pay them back. If you do that, you have to shoulder the responsibility of the consequences, which means accepting losses. If you can't do that, don't make loans in the first place.

    Lol !!! Now its the creditors fault ??? Whats wrong with you people ?

    Nonsense. Utter and complete low information nonsense.

    Greece entered into the Union under false pretenses and then hid their debt away from EVERYONE until a new administration took over in 2008

    They misrepresented their position and took advantage of that misrepresentation until they couldn't any longer.

    Now they're welching. They're irresponsible and arguably criminal acts are threatening the Euro and German banks.

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    Re: Greece debt repayment in full is 'unrealistic', says Syriza

    Quote Originally Posted by Fenton View Post
    Lol !!! Now its the creditors fault ??? Whats wrong with you people ?

    Nonsense. Utter and complete low information nonsense.
    No, it's what is wrong with you. Do you really want to put forward the notion that financial institutions that make bad loans do not have to accept the consequences for their bad decisions? Some appear to think just that. That is PART of the reason why we had the financial crisis back in 2008. This notion that somehow financial institutions should be shielded from the consequences of their bad decisions is stupid. It has given rise to this "too big to fail" nonsense. Only a moron would put forward such a notion.

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    Re: Greece debt repayment in full is 'unrealistic', says Syriza

    Quote Originally Posted by MildSteel View Post
    No, it's what is wrong with you. Do you really want to put forward the notion that financial institutions that make bad loans do not have to accept the consequences for their bad decisions? Some appear to think just that. That is PART of the reason why we had the financial crisis back in 2008. This notion that somehow financial institutions should be shielded from the consequences of their bad decisions is stupid. It has given rise to this "too big to fail" nonsense. Only a moron would put forward such a notion.
    Only a moron would put the blame of the 2008 Financial Crisis at the feet of the lenders

    Greece lied, they misrepresented their Financial position for YEARS so they could sell more debt and pay for a unsustainable Socialist " paradise ".

    Greece is responsible for their corruption, NOT the Banks and not Germany

    Entering into a loan contract with no intention of repaying the principle back is FRAUD.

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