Antonis Polemitis
(((FrancesCoppola)))
.@aF9q @polemitis indeed, which is why it should not have been described as "aid to Greece". Bailouts are for creditors, not debtors.
89% of Greek bailout was a roundtrip to lenders (interest/principal) http://www.ft.com/intl/cms/s/0/44c56806-a556-11e4-ad35-00144feab7de.html?siteedition=intl#axzz3Q0vhmikN …pic.twitter.com/YOkkheFhQu
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@Frances_Coppola@aF9q@polemitis At what rate already? 50bps over euribor for a super junk credit like Greece is aid -
@Alea_@aF9q@polemitis No. Think it through. Bailouts and concessions on interest rates are aid to creditors, not debtors. -
@Frances_Coppola@aF9q@polemitis I would say aid to both creditors and debtors -
@Alea_@aF9q@polemitis no, just creditors. I had a look at this a while ago. Default is always the better option for the debtor. -
@Frances_Coppola@aF9q@polemitis Also most of Greece debt is not under greek law, could spent years in court before they can borrow again -
@Alea_@aF9q@polemitis history shows that markets have short memories. They would be able to borrow again. - Show more
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@polemitis putting the dirty under the carpet? -
@sweden_cul yup, harder to sell "let's protect the bankers from their mistakes" -
@polemitis a greek friend once said... all the corrupt politicians must be executed in the biggest square in athens - Show more
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@polemitis Where by 'lenders' we mean 'huge German investment banks'. Econtalk February 2013 is a great re-listen. -
@neil21@polemitis Yes. Germany et al "bailed out' German, French and other 'Northern' big banks.#shocker
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That message needs to be explained through German popular media. "Bailout" country taxpayers rescued European banks.
@BILD@polemitis -
@polemitis@Frances_Coppola A MORE HONEST POLICY . . . but that would not meet ideological functional requirements. -
@polemitis@Frances_Coppola a related point was made by Germaine Greer on QT https://www.facebook.com/video.php?v=1073116829381914 … -
@polemitis I'm interested in a good comparison of the Greek situation vs what Iceland did. Do u know of one? Or is there 2little in common?
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