1. "It is "unrealistic to expect Greece to repay its huge debt in full," Euclid Tsakalotos, the chief economics spokesman for Syriza has told the BBC"

    Woow!!! I thought that Syriza promissed to end Greeks' humiliation lol
    (icj1, 28 January 2015 01:45)

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  2. right to the point Joe, you could even add that big spendings made by the Greeks were to purchase german goods !
    Good luck to the Greeks, brave decision and hopefully the trigger of some more moral in the EU because the moral has left Brussel...
    (Joe..1, 28 January 2015 00:27)

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  3. Give them the finger Yannis
    (Goran bogoevski, 27 January 2015 23:06)

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  4. x Leonidas
    i know the amplitude of our debt..
    that's why we must take all the money back from Athens !
    (Luigi, 27 January 2015 20:27)

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  5. To all the Greeks:
    we owe 40 billion Euros..please if you want default on your debt to Germany but we want our money back !
    (Luigi, 27 January 2015 13:40)

    LOL BOOHOOO welcome to the paradise that is the European Union. Greece is only the start of it too. Spain, Italy, Portugal... EUroskepticism growing rapidly in the UK, Austria, Sweden, Netherlands, Denmark... hell Germany even!

    It's done. The EU is finished.
    (Ari Gold, 27 January 2015 19:53)

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  6. To all the Greeks:
    we owe 40 billion Euros..please if you want default on your debt to Germany but we want our money back !
    (Luigi, 27 January 2015 13:40)

    Please take a ticket with a number and sit down and wait like everybody else. The money is on its way. LOL
    (The check is in the mail., 27 January 2015 19:17)

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  7. (Joe A, 27 January 2015 12:50)

    You're spot on your analysis Joe.Those bailouts were in fact the bailing out of the German Banks and transferring their liabilities to the EU taxpayers.What I would add to your posting is Germany might have been the designers of the Euro, but they certainly have gamed it to their advantage. Exhibit 1: euro interest rates kept too low from 2002 to 2007 at the expense of a credit boom in the peripheries, just to increase consumption and help Germany through it's recession, brought on by structural changes. Exhibit 2: euro money kept too tight from 2007 onwards because Germany is now booming, and of course the subsequent crashes in the periphery were now nothing to do with previous loose monetary policy, but suddenly to do with those countries needing structural changes. Meanwhile Germany does nothing to boost internal demand and help those countries export. So it seems that everyone in the eurozone needed structural changes from the onset, but only Germany gets the appropriate monetary policy to help her through them. Germany has not made one single sacrifice.

    The fundamental responsibility for setting up an anti-democratic organisation that has deliberately lied to hundreds of millions about its plan to destroy nations and create a superstate is with those who supported it and continue to support it today and lies exclusively with Germany.
    (Leonidas, 27 January 2015 18:24)

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  8. LOL!
    (Reader, 27 January 2015 18:16)

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  9. Unrealistic to expect, that the EU is paying for Greek communistic dreams. No more blackmailing.
    (Zeka, 27 January 2015 17:45)

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  10. To all the Greeks:
    we owe 40 billion Euros..please if you want default on your debt to Germany but we want our money back !
    (Luigi, 27 January 2015 13:40)

    Greece is the sideshow which allows EU bankrupt countries to hide behind.Enjoy the link:

    [link]
    (Leonidas, 27 January 2015 17:35)

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  11. The message to Greece is slowly getting through:

    Stamp out corruption and everyone pay your taxes.

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    Joe - there is a distinction between an investment and a loan. In the case of a loan, the recipient makes a promise to pay it back.
    (Bob, 27 January 2015 17:11)

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  12. To all the Greeks:
    we owe 40 billion Euros..please if you want default on your debt to Germany but we want our money back !
    (Luigi, 27 January 2015 13:40)

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  13. The bailout of Greece was in fact a bailout of banks that made bad investments in Greece, mostly German and French banks. Only 10% of the 250 billion Euro bailout to Greece reached Greek society. The rest flowed immediately into the coffers of the banks.

    Germany profited highly from the Euro which led to an influx of 'cheap' German Euros that German banks loaned to whomever wanted to borrow. And everybody knew that Greece was a basketcase but still they loaned them money (also to Spain and Ireland). Why? Because they knew they would be bailed out by the EU, ECB and the IMF. The same is now happening with the ECB's QE: the ECB every month will buy government bonds from banks hoping to get things going again economically. So banks again get a bailout. QE didn't work in Japan and the US has stopped cause it does not do anything for main street economy. Who will have to pay off QE? Well, the current and future taxpayers of course.

    Yes, the Greek made a mess of their economy but why should banks that made bad investment decisions be bailed? Noone will bail you or me out when we invested badly.

    Want to get things going again in Europe and stop deflation? Give people money so they can start spending. Don't crush them with austerity. People should be bailed, not banks.
    (Joe A, 27 January 2015 12:50)

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  14. Why did you borrow then? So you don't have to pay it back?
    (Nikolle, 27 January 2015 11:49)

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