This is a split board - You can return to the Split List for other boards.

How can a country not engage in austerity if no one will loan them money?

  • Topic Archived
You're browsing the GameFAQs Message Boards as a guest. Sign Up for free (or Log In if you already have an account) to be able to post messages, change how messages are displayed, and view media in posts.
  1. Boards
  2. Politics
  3. How can a country not engage in austerity if no one will loan them money?

User Info: RRtexasranger13

RRtexasranger13
3 years ago#11
Evil Genius 9 posted...
You basically just described a third-world country. Be thankful you don't live in one.

Unfortunately, it isn't a problem to only third world nations. TC is basically describing Greece (and Spain/Portugal to a far lesser extent at one point.) While Greece could technically borrow, the interest rate on their debt was so high it simply wasn't practical. It would be like taking out a skyhigh interest paday loan to pay for your previous payday loan, you'd only be delaying the inevitable and making things worse in the long run.
Texan in Exile.

User Info: RRtexasranger13

RRtexasranger13
3 years ago#12
Magus1947 posted...
theSMITHS posted...
Neo-liberalism caused the mess (unemployment, food lines) Greece is in - and the Greeks got fed up with it.


Their previous right-wing government lying about their balance sheet to get into the EU got them into this mess.


Wow, you couldn't be more wrong.
1) Greece fudged numbers to get them into the Eurozone, not the EU.
2) The government in control during the decade prior to joining the Eurozone was actually the center left party. When the conservative party won the 2004 election, is when they launched the audit and found that the numbers from the previous administration were a little sketchy.
Texan in Exile.

User Info: Red XlV

Red XlV
3 years ago#13
RRtexasranger13 posted...
you'd only be delaying the inevitable and making things worse in the long run.

You mean like how austerity policies that place the country in perpetual recession in return for a bailout just delay the inevitable and make things worse in the long run?

Anyway, it's always possible that Greece will do what Argentina did not so long ago, and tell its creditors "sorry, but we're just not going to pay you."
A bad enough dude to save the President.
"We chose more government instead of more freedom." - Marco Rubio (R-Florida) on the Bush administration

User Info: Atralis

Atralis
3 years ago#14
I'm still waiting for an answer that makes sense.

Syriza is cocky and has swagger. For what reason? They are beggars with debt.
~ IN THE FUTURE there will be no black people and white people. Just robots.
  1. Boards
  2. Politics
  3. How can a country not engage in austerity if no one will loan them money?

Report Message

Terms of Use Violations:

Etiquette Issues:

Notes (optional; required for "Other"):
Add user to Ignore List after reporting

Topic Sticky

You are not allowed to request a sticky.

  • Topic Archived