Greek Debt.

[Charles Bannerman]

So it seems that the Greeks are going to be alowed to "default" on 50% of their debt - ie simply not pay back half of what they have borrowed and owe.

Hang on a minute... they are a country so they have lots of assets. Why should they not give up some of their national property to repay what they owe and I don't just mean tell us we can keep the Elgin Marbles.

Maybe they could hand over the island of Rhodes.... or perhaps the Acropolis.... or maybe even the Duke of Edinburgh whose missus is meant to be worth a bob or two!

[buckett]

Paying back what you owe is one of the most basic laws of civilization.

I find it quite sad that the emphasis nowadays seems to be about avoiding repaying debts, hiring smart lawyers or specialist firms to find loopholes that relieve people of their moral obligations. And now countries.

I get really pssed off too with cold-callers offering to help me write off my debts - no win, no fee. Somebody has to pay, and if it's not the debtor, it's probably you and me.

:irritated:

[Charles Bannerman]

Paying back what you owe is one of the most basic laws of civilization.

I find it quite sad that the emphasis nowadays seems to be about avoiding repaying debts, hiring smart lawyers or specialist firms to find loopholes that relieve people of their moral obligations. And now countries.

I get really pssed off too with cold-callers offering to help me write off my debts - no win, no fee. Somebody has to pay, and if it's not the debtor, it's probably you and me.

:irritated:

Indeed. Greece has got so many ancient relics like the Acropolis, the Parthenon and Prince Philip that I'm sure they could easily part with some of them to help shift what successive Greek governments have borrowed.

After all, these governments have borrowed this money to give the Greek population a standard of living, large and early pensions etc which is way beyond their GDP and they shouldn't be allowed to get away with it.

An international "Privatise the Parthenon" campaign should be set up. If you run out of readies in monopoly, you have to mortgage Park Lane or a station. It should be the same for the Greeks... and also the Italians who also seem to have run up a debt the size of Mussolini's ego or Silvio Berlusconi's libido.

Cash in the Colosseum!

I mean, it would never happen in football, would it? Clubs becoming unable to pay their debts and being allowed to ignore a large chunk of them whilst playing on in the same division?

And yes, I am totally fed up with these parasite companies who do everything from ambulance chasing to trying to find a loophole in people's debt arrangements in order to make a quick buck.

Edited September 27, 2011 by Charles Bannerman

[Yngwie]

I'm hoping they get kicked out of the Euro because I've got some left over drachma at the back of a drawer somewhere. Only a few quids worth but the way things are its probably enough to buy Crete.

[Sorted]

Tragedy ......

[+DoofersDad]

Good post, Buckett.

Think I'll stop buying their yoghurt

[Alex MacLeod]

Might be Greece now but the way things are going it'll be us next. Then the yanks and then the rest of the world apart from China. When the price is right the chinese are going to buy every other country and the yellow races will rule the world.

[Heilandee]

I'm hoping they get kicked out of the Euro because I've got some left over drachma at the back of a drawer somewhere. Only a few quids worth but the way things are its probably enough to buy Crete.

Yngwie finds his Drachma..........

[Ten4]

Might be Greece now but the way things are going it'll be us next. Then the yanks and then the rest of the world apart from China. When the price is right the chinese are going to buy every other country and the yellow races will rule the world.

Yep something of this nature i.e. a takeover of the western world by the `yellow race` is a prediction by Brahn Seer or whoever, isnt it?

[Yngwie]

I think that was Nostradamus.

It's incredible that someone centuries ago could have predicted The Simpsons.