Reply to: Good news - real fall in inflation!

[DodgyAgent]

Nah. It was the pronounced and sloping forehead, allied to the hairgel.

[shaunbhoy]

An Agentinian?
How could you tell? was it his honest looks?

Nah. It was the pronounced and sloping forehead, allied to the hairgel.

[DodgyAgent]

He looked like an Agent.

An Agentinian?
How could you tell? was it his honest looks?

[AtW]

Was he Argentinian?

He looked like an Agent.

[sasguru]

Was he Argentinian?

probably Oirish.

[DodgyAgent]

Last time I saw a guy living in a box was on Oxford Street, London.

Was he Argentinian?

[DodgyAgent]

The other thing to bear in mind is Argentina defaulted at a time when the world economy was booming. If Greece were to default messily it might cause a domino effect bringing the Eurozone to a collapse. i.e. Greece would be sitting there in a worldwide depression. It wouldn't necessarily bounce back like Argentina did.

A glimmer of hope that the man has some grasp of economics

[AtW]

There were plenty living in boxes under IMF austerity.

Last time I saw a guy living in a box was on Oxford Street, London.

[TimberWolf]

They always bounce back. That's the economic cycle, boom, bust, boom... To say that this or that cured a problem is ignoring that fundamental principle of economics IMO, one of the few fundamentals of economics that is empirically proven.

[sasguru]

The other thing to bear in mind is Argentina defaulted at a time when the world economy was booming. If Greece were to default messily it might cause a domino effect bringing the Eurozone to a collapse. i.e. Greece would be sitting there in a worldwide depression. It wouldn't necessarily bounce back like Argentina did.

I'm pleased with the progress you're making. Last year you were saying this was just a storm in a teacup

[Paddy]

If you go bankrupt you shed your debts and liabilities. Then for 6 years you will not be able to borrow money meaning you will have to live within your means. Once you have achieved this then it is likely that lenders will look upon you favourably once again. The same will go for Greece. Their alternative is to spend lifetimes paying off huge loans. It is a simple proven concept that has worked for many years. It works with individuals and it works with sovereign states.

And it is this "janet and John" grasp of the reality of running an economy/personal finances that seems to elude idiots like you and the self serving socialists who dreamt up the Euro and who now run Europe

I agree with you 100%

[BrilloPad]

The other thing to bear in mind is Argentina defaulted at a time when the world economy was booming. If Greece were to default messily it might cause a domino effect bringing the Eurozone to a collapse. i.e. Greece would be sitting there in a worldwide depression. It wouldn't necessarily bounce back like Argentina did.

Greece will still have tourism. It should stick to what it is good at - with a floating currency it will be fine.

The other thing it could try doing is collecting taxes.

[BlasterBates]

The other thing to bear in mind is Argentina defaulted at a time when the world economy was booming. If Greece were to default messily it might cause a domino effect bringing the Eurozone to a collapse. i.e. Greece would be sitting there in a worldwide depression. It wouldn't necessarily bounce back like Argentina did.

[BrilloPad]

with a cheap hedge against dollar

Sounds like speculation to me. I am suprised you approve...

[AtW]

Then for 6 years you will not be able to borrow money meaning you will have to live within your means. Once you have achieved this then it is likely that lenders will look upon you favourably once again. The same will go for Greece.

You have not explained so far why would someone lend to Greece in their own currency when it will keep depreciating? They'll have massive inflation for years to come and very soon 1 euro will be worth 10000 drakhms.