Comments on: Greece needs to go to the brink http://blogs.reuters.com/hugo-dixon/2012/05/28/hugo-dixon-greece-needs-to-go-to-the-brink/ Mon, 18 Apr 2016 14:55:08 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: storytellerFL http://blogs.reuters.com/hugo-dixon/2012/05/28/hugo-dixon-greece-needs-to-go-to-the-brink/comment-page-1/#comment-372 Tue, 12 Jun 2012 17:43:16 +0000 http://blogs.reuters.com/hugo-dixon/?p=332#comment-372 Changing the guard in Greece is not the answer, it will only delay the inevitable – which is the restoration to economic power of the ottoman empire; why else do you think this fool in the White House is encouraging an Arab Spring? And who do you think will benefit from hyper inflation? It isn’t going to be the poor! So who is Obama really helping while he helps himself?

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By: storytellerFL http://blogs.reuters.com/hugo-dixon/2012/05/28/hugo-dixon-greece-needs-to-go-to-the-brink/comment-page-1/#comment-371 Tue, 12 Jun 2012 17:38:43 +0000 http://blogs.reuters.com/hugo-dixon/?p=332#comment-371 I think the real question is this, after Greece, Portugal, Italy, etc have failed economies, who will step in to pick up the pieces? Who will benefit from the hyper-inflation that will and always does follow such economic upheaval?

“Even the striving for equality by means of a directed economy can result only in an officially enforced inequality – an authoritarian determination of the status of each individual in the new hierarchical order.”
– Friedrich August von Hayek

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By: epirat http://blogs.reuters.com/hugo-dixon/2012/05/28/hugo-dixon-greece-needs-to-go-to-the-brink/comment-page-1/#comment-370 Tue, 12 Jun 2012 15:41:43 +0000 http://blogs.reuters.com/hugo-dixon/?p=332#comment-370 4 years.. every plan by the troika fallen out..the economy going worse every day.. how on earth you propose this as a valid option? We have studied economics too, and we can see how Euro is heading to its doom day by day. Nothing seems to change, so we in Greece will change what we can, with our vote

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By: pap2pap http://blogs.reuters.com/hugo-dixon/2012/05/28/hugo-dixon-greece-needs-to-go-to-the-brink/comment-page-1/#comment-369 Tue, 12 Jun 2012 14:51:47 +0000 http://blogs.reuters.com/hugo-dixon/?p=332#comment-369 Please, take a moment to reflect that what is happening is not a mere financial exercise in paper. It affects and destroys human lives. I agree that children of Niger need more sympathy than Greek/Portuguese/Irish/Spanish or Italian children, but it is unethical to frame it as an either/or situation, you don’t have to shoot the one child to save the other.
Of course if you consider the fact, that although modern technology can provide food and water for all humans, yet more than 2 billion people don’t have access to food or water, then something is seriously wrong on this planet.

In ancient Greece, when a man defaulted on his debts became slave to his debtors; a prudent clause to prevent someone from taking on too much debt. But as anyone who has played Monopoly in his youth knows, sooner or later wealth eventually tends to accumulate. In 6th century BC, the situation was roughly the same; debt had skyrocketed and too many people were enslaved. Solon, the Athenian lawmaker, one of the seven wise men of his time, proposed the Seisachtheia, a measure to relieve all debt of this era.

Too much debt has been accumulated around the globe. If Greece falls, you can count it will be just the first tile to fall.

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By: John.Maynard http://blogs.reuters.com/hugo-dixon/2012/05/28/hugo-dixon-greece-needs-to-go-to-the-brink/comment-page-1/#comment-362 Mon, 11 Jun 2012 04:35:23 +0000 http://blogs.reuters.com/hugo-dixon/?p=332#comment-362 Why would he want to “avoid going back to the Drachma”? Defaulting on Euro debt, and returning to the Drachma will increase the Greek standard of living, in the long run, because debt won’t be repaid. Without the debt, the Greek balance of payments would be balanced. It is true that the government, there, does not take in enough revenue, but with tax reforms and efforts at better collection, that could be solved. Under a new Drachma, assuming a temporary deep devaluation, the tourist industry would boom, exports would soar. Everything would balance out within a year. Everyone in Europe would be much better off, except for the banks and their creature, which is the ECB.

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By: Maxwells http://blogs.reuters.com/hugo-dixon/2012/05/28/hugo-dixon-greece-needs-to-go-to-the-brink/comment-page-1/#comment-361 Sun, 10 Jun 2012 22:33:30 +0000 http://blogs.reuters.com/hugo-dixon/?p=332#comment-361 If austerity is unexceptable, bankrupcy and starvation is inevitable.
If you can’t stop the bleeding the patient is simply going to die, so be it.

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By: trippstertripp http://blogs.reuters.com/hugo-dixon/2012/05/28/hugo-dixon-greece-needs-to-go-to-the-brink/comment-page-1/#comment-360 Sun, 10 Jun 2012 18:09:12 +0000 http://blogs.reuters.com/hugo-dixon/?p=332#comment-360 Too many people are worrying about Greece, when they should be concerned about Latveria, and the madman who controls that country.

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By: WouldChuk http://blogs.reuters.com/hugo-dixon/2012/05/28/hugo-dixon-greece-needs-to-go-to-the-brink/comment-page-1/#comment-359 Sat, 09 Jun 2012 06:34:13 +0000 http://blogs.reuters.com/hugo-dixon/?p=332#comment-359 Europe has always seemed to me, to “talk right and walk left” especially when it comes to all this mess. As someone once said, “But this time it’s different.” Just saying… (Texas)

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By: ParkerWest http://blogs.reuters.com/hugo-dixon/2012/05/28/hugo-dixon-greece-needs-to-go-to-the-brink/comment-page-1/#comment-358 Thu, 07 Jun 2012 16:19:20 +0000 http://blogs.reuters.com/hugo-dixon/?p=332#comment-358 Looking at the EU tidy group of countries, the list makes sense until you get to the southern most countries and then it’s hard to make sense of the deal. Other than the tiny sparsely populated Iceland and Ireland, having Spain, Portugal, and Italy joined at the hip with Germany and the UK, is like a Park Avenue socialite getting hitched to an uneducated Romanian farmer. Mr Hitler learned the hard way that the Italians aren’t all that committed to anything and given enough time their laid back attitudes will cause them to quit and walk away. I don’t know that productivity in Greece, Spain and Portugal is much different. To see one after the other squealing “Germany we need your money” is getting very old. What do Germany and Greece have in common? Can anyone be shocked that locked into an EU the stronger economies are going to be sucked dry by the weaker third world-ish partners?

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By: Levendi http://blogs.reuters.com/hugo-dixon/2012/05/28/hugo-dixon-greece-needs-to-go-to-the-brink/comment-page-1/#comment-356 Wed, 06 Jun 2012 06:56:06 +0000 http://blogs.reuters.com/hugo-dixon/?p=332#comment-356 What is happening in Greece is the harbinger of what will happen in other countries. You simply cannot keep spending money you do not have. It doesn’t matter what the money is for, you can’t spend more than you have unless you never plan on paying it back. (with interest) What in the world is so difficult to understand. All these discussions use big words and economic terms but……you cannot spend more than you have otherwise Greece Happens.

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