Or, they could do the more traditional thing and simply default. <Those in insolvency have to sell everything they have to pay their creditors," Schlarmann told Bild newspaper. "Greece owns buildings, companies and uninhabited islands, which could all be used for debt redemption." >
When individuals default, the bailiffs arrive. When countries default, there's no consequence. They have some internal dislocation, but that's remedied faster than living forever in debt with perpetual drain on resources.
If Greece ditched their debts, got back to work and lived within their means, without striking, I would be on holiday there this northern summer, providing employment for 5 people. Heck, I might go and live in such a nice place permanently, employing 20.
Now, having recivilized you, I'm out of here.
Bye.
Mqurice |
