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braised007

07/08/15 8:30 AM

#35201 RE: Libertarian74 #35196

One look at their repayment schedule just through July and one can see the Greeks are cooked.

http://www.bloomberg.com/news/articles/2015-04-23/greece-s-scary-calendar-of-debt-payments-due

There is not a chance in hell they can pay any of it back. If you lend a deadbeat $1M to start a business and he blows through it and shuts down the biz there is not a chance in hell you'll ever see that $$ again. They owe 1/3 of a TRILLION!! And all they have is tourism, a dwindling shipping industry, and 60% youth unemployment to pay it back with. Stop this Greek tragedy, kick them out of the Euro, write their loans to 0, and move on to the next sucker who fell for the Euro experiment.