http://blogs.reuters.com/felix-salmon/2011/05/26/lagarde-juncker-and-greeces-solvency/ A slice of lime in the soda Thu, 23 May 2013 04:49:58 +0000 hourly 1 http://wordpress.org/?v=3.4.2 http://blogs.reuters.com/felix-salmon/2011/05/26/lagarde-juncker-and-greeces-solvency/comment-page-1/#comment-27134 MazingerZ Thu, 26 May 2011 19:42:15 +0000 http://blogs.reuters.com/felix-salmon/?p=8420#comment-27134 Whether or not Greece has any realistic hope of paying the rest of Europe back has a direct bearing on whether the rest of Europe will want to keep bailing out Greece's creditors at par - i.e., financing Greece. That's what we are adding. Whether or not Greece has any realistic hope of paying the rest of Europe back has a direct bearing on whether the rest of Europe will want to keep bailing out Greece’s creditors at par – i.e., financing Greece. That’s what we are adding.

]]> http://blogs.reuters.com/felix-salmon/2011/05/26/lagarde-juncker-and-greeces-solvency/comment-page-1/#comment-27132 dsquared Thu, 26 May 2011 18:17:45 +0000 http://blogs.reuters.com/felix-salmon/?p=8420#comment-27132 I am still (pretending to be) confused. We know that if the rest of euroland wants to keep financing Greece's deficit, then it can make payments on its debt, and if not, then it cannot. What are we adding here in terms of analysis by bringing in solvency, liquidity, willingness etc? This is pure politics, and specifically pure Euroland politics; there is nothing else to analyse. I am still (pretending to be) confused. We know that if the rest of euroland wants to keep financing Greece’s deficit, then it can make payments on its debt, and if not, then it cannot. What are we adding here in terms of analysis by bringing in solvency, liquidity, willingness etc? This is pure politics, and specifically pure Euroland politics; there is nothing else to analyse.

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