Europe's Populist Left

[Sheilbh]

It's worse for the creditors who will have to finance Syriza's coming out party.  It's great for the people going to the party.  With a default, the borrowing game is over.  Although they could concievably steal money from Greeks, and call it a loan.

Greece has been running a primary surplus for two years.

[Admiral Yi]

Greece has been running a primary surplus for two years.

So?

[Sheilbh]

So if they default they won't, presumably, be paying interest any more?

[Admiral Yi]

So if they default they won't, presumably, be paying interest any more?

Yes? 

How does this nugget relate to what I posted?

[MadImmortalMan]

They won't be paying interest, or borrowing money any more.

[Admiral Yi]

I thought I already said that.

[MadImmortalMan]

Well you were correct. Is that what you want me to say?


Yi was right!!!!!!

[Admiral Yi]

Shelf is giving indications that he thinks Greece's current primary surplus refutes my point.  Which it doesn't.  I thought you were agreeing with him.

[MadImmortalMan]

No actually. I think if the Greeks blow up their bond market they might have a terrible time recovering.

[Sheilbh]

Why would they need to borrow money?

[MadImmortalMan]

Why would they need to borrow money?

Because they don't know how to tax?

[Martinus]

Things that baffle me for example are that Poland's GDP per capita is 93% of Greece's GDP per capita, but Poland's minimum wage is only 58% that of Greece - yet Greeks think their minimum wage is way too low and Syriza propose to raise it even further.

Things like this make it hard for me to see Greeks in any other way but as lazy greedy fucks.

[Monoriu]

A lot of things baffle me as well, like how can governments spend so recklessly, and how come the markets are willing to lend to them year after year. 

[Martinus]

A lot of things baffle me as well, like how can governments spend so recklessly, and how come the markets are willing to lend to them year after year.

Well the markets are not willing to lend to them - that is why they had to be bailed out by the Troika. Before that, I guess those lending to them liked a gamble as the potential return on Greek bonds was very high because they were so shitty.

[Zanza]

Syriza has openly said that they do not support the EU policy on Russia sanctions. So we have leftists in Athens who prefer the fascist in Moscow to the technocrats in Brussels.