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Greece third world hypocrisy

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  • #1

    Greece third world hypocrisy

    “If you look at math it would take ten years,” he continued, adding that “the irony in this case is that we had already previously much worse debt crises than this: In 1945 the public debt of France and Germany reached 200% of the GDP. Did they pay it off just like that, only with surpluses? Of course not. Otherwise we would be still there. There was restructuring and deletion. And that is what has allowed many European countries to invest in development and infrastructure.” - See more at: http://greece.greekreporter.com/2015....rSZbw13j.dpuf

    They will bend for Greece,no doubt in my mind.
    THERE IS ONLY ONE ONANDI LOWE!

    "Good things come out of the garrisons" after his daughter won the 100m Gold For Jamaica.


    "It therefore is useless and pointless, unless it is for share malice and victimisation to arrest and charge a 92-year-old man for such a simple offence. There is nothing morally wrong with this man smoking a spliff; the only thing wrong is that it is still on the law books," said Chevannes.
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  • #2
    Look at the history of national debt: Great Britain, Germany, and France were all once in the situation of today’s Greece, and in fact had been far more indebted,” Piketty said. “The first lesson that we can take from the history of government debt is that we are not facing a brand new problem.”

    Germany, Piketty continued, has “no standing” to lecture other nations about debt repayment, having never paid back its own debts after both World Wars.



    http://www.huffingtonpost.com/2015/0...n_7735866.html
    THERE IS ONLY ONE ONANDI LOWE!

    "Good things come out of the garrisons" after his daughter won the 100m Gold For Jamaica.


    "It therefore is useless and pointless, unless it is for share malice and victimisation to arrest and charge a 92-year-old man for such a simple offence. There is nothing morally wrong with this man smoking a spliff; the only thing wrong is that it is still on the law books," said Chevannes.

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    • #3
      Without having looked into the details and history of debt forgiveness, it would appear that places like Ghana screw it up fi di res a wi... but TBH, I really don't know.

      Ten years ago I think the IMF extended full debt relief, and things looked nice after that. Today their public debt is again at 73% of GDP.
      https://www.cia.gov/library/publicat...k/geos/gh.html
      Peter R

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