Jim Mellon - Pro Brexit

[BlasterBates]

The Greece debt problem is often misunderstood by Eurosceptics who argue that Greece can't recover because the loans are too much of a burden. However Greece isn't paying interest on most of its loans as they've been given an "interest holiday" while they sort themselves out. Eurosceptics don't understand this basic fact. Writing off the debts would make no difference as Greece isn't paying any interest. Once Greece has recovered then it will slowly pay off the loans. By the time they do, the loans will have shrunk to a manageable level. By not defaulting as Eurosceptics argue means they still have access to the markets to raise new loans, which they wouldn't have had, had they followed the Eurosceptics' advice.

It's good to see that this debate has come to a successful conclusion and that the Eurosceptics have concluded they have nothing useful to add to counter the above argument.

[woohoo]

The Greece debt problem is often misunderstood by Eurosceptics who argue that Greece can't recover because the loans are too much of a burden. However Greece isn't paying interest on most of its loans as they've been given an "interest holiday" while they sort themselves out. Eurosceptics don't understand this basic fact. Writing off the debts would make no difference as Greece isn't paying any interest. Once Greece has recovered then it will slowly pay off the loans. By the time they do, the loans will have shrunk to a manageable level. By not defaulting as Eurosceptics argue means they still have access to the markets to raise new loans, which they wouldn't have had, had they followed the Eurosceptics' advice.

It's good to see that this debate has come to a successful conclusion and that the Eurosceptics have concluded they have nothing useful to add to counter the above argument.

You literally have typed nonsense. But i respect that, despite your head injuries and I'm assuming that's why you are struggling, you still give it a go. Well done and don't become disheartened. You are a credit to yourself.

[Old Greg]

You literally have typed nonsense. But i respect that, despite your head injuries and I'm assuming that's why you are struggling, you still give it a go. Well done and don't become disheartened. You are a credit to yourself.

Does it literally make no sense to you?

[woohoo]

Does it literally make no sense to you?

Classic Greg.

[Old Greg]

Classic Greg.

If only we had some classic woohoo.

[woohoo]

If only we had some classic woohoo.

Hoho another classic Greg funny.

[Old Greg]

Hoho another classic Greg funny.

Really. You used to post some fun witty banter. Now it's all anger. Dig deep and restore your former glories.

[BlasterBates]

Greece is currently growing at twice the rate of the UK and actually has a budget surplus.

Isn't that interesting, and weighed down with all that debt.

Economic activity speaks louder than words or should I say drivel.

[woohoo]

Greece is currently growing at twice the rate of the UK and actually has a budget surplus.

Isn't that interesting, and weighed down with all that debt.

Economic activity speaks louder than words or should I say drivel.

There you go bb keep at it, keep mashing the keyboard. But as a friend that’s your most embarrassing post yet. But do not get disheartened, look at old Greg he never gives up.

[WordIsBond]

In case anyone cares, Greece, despite some recent mild growth, has a GDP per capita approximately 60% of what it was in 2008 and still only about 90% of what it was in 2014. Greek unemployment is still at 18%, youth unemployment over 40%.