Comment Re: Germany should pay war reparations for WWII (Score 1) 743
They only matter in that they make long term planning of prices easier.
They only matter in that they make long term planning of prices easier.
- If you own the bank $$$ Drachmas and the Drachmas drops in value, the amount you own also drops, while if you drop your paycheck and the $$$ amount you own the does not drop YOU are literally worse off.
This is the exact reason why the creditors need to take a writedown. Or what will happen eventually is someone will leave the euro. Greece could be the first.
Not the same thing. Lowering the value of the currency erases private debt. What you propose makes it harder to pay.
Germany is one of the most corrupt nations in Europe.
They were buying things from Germany with money they borrowed from Germany.
The lenders have a responsibility to check if the person they are loaning money to can afford to pay as well. A lot of bogus money was loaned to Greece knowing full well the Greeks could not pay with the intent of colonizing Greece in the future by owning their transport infrastructure, water supply, and other natural monopolies which should not be in private hands to begin with.
The difference is that there are Greeks still living TODAY from when Germany invaded them in WWII.
How is it better? They lost most of their industry shortly afterwards.
He's just dumb. If we actually needed to defend Europe from Russian aggression the only countries with a military to even attempt to defend something would be France and the UK.
He's probably a COBOL programmer.
Pray Vlad doesn't roll his tanks over Europe then.
I'm using Adblock Plus and Disconnect but I'll check uBlock out then.
I don't download any music files since I can just stream it from Youtube.
Might as well roll the red carpet and let the Russians in.
How about the Netherlands? Who did they invade? Same thing they don't spend on their own defense. Last thing I heard from them was how they sold all their tanks. Used to have 100 Leopard 2. Now 0.
Arithmetic is being able to count up to twenty without taking off your shoes. -- Mickey Mouse