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Comment Re: No more bailout (Score 1) 690

Geeze, guy, I said that they don't have to pay back the debts immediately.

Yep, I understood that you think that. But everything, including the article you link to, indicates that this not so.

I read your link and your link does not support what you are saying. You said "Paying back money will begin in 10 years time (if ever, actually)." That's not true: what your link says is that interest repayments are suspended for 10 years. The debt repayments are ongoing and are financed with the bailout loans. The next repayment is March. Half the point of the bailout loans is to finance the repayments. The period of payment is extended (what your link says) but the payments are not suspended.

I said that they _currently_ don't have to pay them back.

Indeed, I realise what you think.

Comment Re: No more bailout (Score 1) 690

Further, the link you sent does not say the Greeks do not have to pay back the debts. It says that they have "suspended interest payments for a decade" and that they "gave Greece more time to repay." In other words, they pay back the debts over a longer period of time. Not that they start in 10 years.

From the Wikipedia: "21 July 2011 in Brussels, where euro area leaders agreed to extend Greek (as well as Irish and Portuguese) loan repayment periods from 7 years to a minimum of 15 years and to cut interest rates to 3.5%" Nowhere do I see information indicating that "they don't have to pay back the debts." Quite the opposite, the Wikipedia page says what I told you earlier: that the "bailout" is to avoid a Greek default. i.e. a failure to pay back. As far as I can tell, only you are saying that they are not currently paying back. But then again, I'm a fool, so what do I know?

Comment Re: No more bailout (Score 1) 690

Dude, what are you talking about? This is what Greece currently owes. i.e. money they are paying to their creditors. There was a haircut on the debt (what you're referring to, I think), but they still owe lots of money and they're still paying it back. The whole point of this is that they're not allowed to default, because if they did that would likely mean a Euro exit, which nobody wants. So they're forced to take the loans the pay the loans.

Comment Re:um, OK (Score 1) 690

That's a cartoonish description of what's going on. Tsipras just last night was the first Greek PM (that I know of) who cut a load of MP benefits in order to set an example to the rest of the nation. e.g. getting rid of subsided cars, selling half the limo fleet, selling one of three government jets. At least they're practising what they preach.

does, give away more "free" stuff.

America's debt was peaking at the end of WWII and it was concerned about going back into another depression when the war ended. What did it do? Marshal Plan. Pumped billions into other countries. The US gave Europe and Japan "free stuff" in order to build up their economies and allow them to buy US goods. This allowed the US to do something with its trade surplus and the money earned by other countries came back to Wall Street to be invested. This worked well for some time. I'm not saying Greece now is the same as the 40's US. Of course not. But your notion of economics is simplistic. What you describe works for individuals (don't spend money you don't have) but not for nations. They tried austerity and it didn't work.

Comment Re:New TLDs will hopefully end this practice (Score 1) 175

My guess is that the value of 'generic' domain names dropped considerably when search engines matured. Does anyone actually type a generic domain name before doing a search and is there any search engine value to a generic name?

No, but I do look at the domain name before I click the link in the search results. It can help spot malware sites, etc.

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