Greece Considers Exit from Euro Zone

[AtW]

Yes, including Government spending in GDP is a classic example of an outdated, perverse incentive, just an invitation for inefficiency and waste.

You've just agreed with one of my economic views. Better edit your post or no one else will take you on here seriously.

[scooterscot]

EU Said to Consider Requiring Collateral for More Greek Aid

EU Said to Consider Requiring Collateral for More Greek Aid - Businessweek

Expanding the 110 billion-euro ($158 billion) lifeline Greece received last year may mean that assets or revenue from asset sales are used to secure extra funds, the person said. Demanding collateral, an idea floated last year by Finland, may help avoid a political backlash against bailouts.

Surely they must default now? Would the people of the UK stand for selling our railways, car companies, to foreign owners oh wait a minute...

[swamp]

That wouldn't surprise me at all.

I can't recall how expensive Greece was during the Drachma years, but I've certainly been to some of the new Eurozone states just before and after they joined, and have noticed how they go from a cheap holiday destination to one charging German prices for stuff.

Greece was very cheap during the Drachma years. And there were lots of unspoilt bits too.

[alreadypacked]

The Chinese are involved in Greece, and were one of the first to buy goverment bonds. It is not in their interest for Greece to leave the Euro as they wanted Greece to be their mouth piece in Europe. So it's not going to happen.

The Chinese will step in and buy the goverment assets that need to be sold inorder to repay the EU loans. This is just a ploy to get a better price for the Greek goverment assets.