Europe's Populist Left

[Jacob]

I really hope they manage to pull this off.

What would managing to pull this off look like?

I hope they do exactly what they promised to do.

"Pulling it off", to me, would be to successfully renegotiate the terms on their debt such that government could move from austerity to stimulus and materially improve the conditions for a number of Greeks.

I believe that's what they campaigned on as well.

[Admiral Yi]

Do you hope this happens?  Would you like Germany et al to lend Greece more money that will not get paid back?

[Razgovory]

Wouldn't they be able to pay back the debt if they used the money to kickstart the economy thus increasing revenue?

[MadImmortalMan]

Won't happen as long as all the liquidity in Europe is actively trying to escape to the US.

[Jacob]

Do you hope this happens?  Would you like Germany et al to lend Greece more money that will not get paid back?

I hope it turns out the best possible way for all involved

How and what that is likely to happen, I'm not so sure.

[Admiral Yi]

Wouldn't they be able to pay back the debt if they used the money to kickstart the economy thus increasing revenue?

The bond market doesn't appear to think so.

[mongers]

Wouldn't they be able to pay back the debt if they used the money to kickstart the economy thus increasing revenue?

The bond market doesn't appear to think so.

The Gods have spoken.

[Razgovory]

Wouldn't they be able to pay back the debt if they used the money to kickstart the economy thus increasing revenue?

The bond market doesn't appear to think so.

What is your wise and eminent suggestion?

[Admiral Yi]

What is your wise and eminent suggestion?

Default.

[MadImmortalMan]

What is your wise and eminent suggestion?

Default.

The historical solution. Started by the Greeks themselves 24 centuries ago.

[Razgovory]

Well that's what Argentina did after its austerity program.

[Jacob]

What is your wise and eminent suggestion?

Default.

Default and stay with the Euro, or default and go back to the Drachma?

[Admiral Yi]

Default and stay with the Euro, or default and go back to the Drachma?

I would go with the drachma.  The contrasting recoveries of the UK and the US have shown that it is much easier to return to full employment when real wages can be reduced through inflation.

[CountDeMoney]

I for one am glad to see the Greeks willing to take charge and control of their own situation, rather than be dictated to by a bunch of snooty Europeans whose loathing for them is exceeded only by the Turks, and who don't even want them in the euro zone in the first place. 

Go Greek.  Rush Alpha Phi Alpha.  Ouzo and date rape for all.

[MadImmortalMan]

Hopefully they figure out how to collect taxes at some point. That will help.