View Poll Results: Will Greece default?

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  • Yes, Greece will default on its international debt payments.

    14 60.87%
  • No, Greece will not default on its international debt payments.

    9 39.13%
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Thread: Will Greece default?

  1. #41
    Sage


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    Re: Will Greece default?

    This is what I think will (or should) happen. Since Greece will run a small surplus, like it did last year. To do so, it needs to have some temporary relief so it can run that surplus and get the economy back in shape.

    It isn't in anyone's interest to have a default.
    "I never meant to say that the Conservatives are generally stupid. I meant to say that stupid people are generally Conservative. I believe that is so obviously and universally admitted a principle that I hardly think any gentleman will deny it." --J.S. Mill

  2. #42
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    Re: Will Greece default?

    Quote Originally Posted by DaveFagan View Post
    Great. Switzerland and Greece. I think Greece will default. There have been huge withdrawls from the Greek banks, hundreds of billions, and that would indicate the the gerneral citizenry expects a default and are getting Euros while they can. I personally believe that default is Greece's best option. Banks are running Nations in our age and in the recent past, when Citizens suggested banks ran the World, it was immediately denied as Conspiracy Theory. Now that it is obvious that certain banks are running the Western World, where are our Conspiracy Theory realists? Also, where are the deniers? Should banks run our World?
    Greece was an extremely corrupt country via tax evasion being common place long before their economy collapsed. Also Greece had very little big business. Almost all their economy is mom and pop places. In harsher terms, Greece didn't and still doesn't have a modern economy. Greece lived for years off the benefit of other, richer nations in the EU that did (and still do) the work while Greece sat and lounged with drink in their hands.


    Is it sad what happened to Greece? It is. Is it the natural end result for a country that has no modern economy during bad economic times? Yes. Greece was always going to collapse. It is a backwards, anti-business, anti-tax collection society.


    Greece's collapse had absolutely nothing to do with banks. It had to do with Greece being backwards and stuck in the past. Banks are actually the only reason Greece continues to exist as a country.

  3. #43
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    Re: Will Greece default?

    Not only will Greece default, but so will those cities under Democratic rule with high union pension-related liabilities and high welfare outlays. They're unsustainable.
    "Progressives aren't really progressive. They're regressive, all the way back to Sodom and Gomorrah." - author unknown

  4. #44
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    Re: Will Greece default?

    Greece hasn't defaulted yet, but it exercised its option to bundle its IMF payments. From Bloomberg.com:

    “The Greek authorities have informed the fund today that they plan to bundle the country’s four June payments into one, which is now due on June 30,” IMF spokesman Gerry Rice said in an e-mailed statement. “Under an Executive Board decision adopted in the late 1970s, country members can ask to bundle together multiple principal payments falling due in a calendar month.”

    Greece Defers IMF Payment as Merkel Says Resolution Far Away - Bloomberg Business

  5. #45
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    Re: Will Greece default?

    Quote Originally Posted by Logicman View Post
    Not only will Greece default, but so will those cities under Democratic rule with high union pension-related liabilities and high welfare outlays. They're unsustainable.
    And State's.

    California unfunded pension liabilities are the highest in the Nation.

    Their solution to this ?

    Tax the " rich " and Bussiness. In other words drive out theit tax base to Red States

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