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Where do you think the money for the Greeks is going to come from. The tooth fairy?
If they have to they'll create their own money and drop out of the euro. Extreme short term pain for potentially long term recovery. The existing solution of permanent depression and ever increasing debt to paper over the cracks of a failed economic experiment is not a solution.
DrJMaybe the Greeks should take some responsibility for their recent overspending. They have been lent money by banks .... but it wasn't compulsory to spend it all ...
You know when your credit card bill comes in at the end on the month ....
Umm ... that's just what they are doing - trying to devise a plan that sees them able to pay back the loans. The household finance analogy doesn't work, as THM has pointed out, because even when you cut spending on bike bits to pay your Visa, your salary still rolls in the same. A country's income depends also on the money going round and round, so it's like if you spend less on bike bits, your salary goes down and you can't afford the Visa bill any more.