I've always wanted to own my own Greek island

[BaldEagl]

I haven't read this whole thread so forgive me if I missed it but the thing you all seem to be forgetting is that the world population continues to grow, and economies, as a result, will have to continue to grow to keep pace.  The real problem is the normalization of living standards across the planet which will lead to localized instability for the foreseeable future.

As to the property debate, they aren't making any more land, and as population growth places additional demands on available resources, land ownership will be a long term winning proposition, although that may be measured in generations in lower population areas.

[bozon]

What could be interesting from the US standpoint is that most of the money is coming from China, is it really that wise to be so deeply in debt with what can be an enemy in a future conflict? And what happen if China "close the taps"? (And can Chinas economy make it without the US export?.)

Owing money to your potential enemy is much better than owing an Allie. When war finally breaks out your debts are erased. If you owe an Allie you either have to pay or lose the alliance.

The US can go into ridiculous debts that it will never repay because it is the world's superpower. Though it seems that it is also determined to remove itself from that position.

[zack1234]

Nazis and communists are two sides of the same socialist coin. Greece can't blame the EU or anyone else for the economic mess they've gotten themselves into (but they will of course). The whole country is riddled with economic and political corruption. No amount of aid money from the EU or anyone else will fix it. It can only be left to burn itself down and hope something better rises out of the ashes.

Gibberish and you know it.

Your all stuck in your own little paradyms,.

Its all a big charade like the cuban missles crisis, its already been sorted out, the kak in the media is for you lot to think you know whats going on.

The EU is cheaper than another world war and is a creation of the Marshall plan.

Greece is bone idle and will be given handouts to keep it quiet.

I wonder why they want the Ukraine in the EU i wonder?and its nothing to do with the Russians

Come on MrRipley try and think out of the box and not in relation to Finland

What are they going to use the Ultra nationalist Ukrainians for?

[Bear76]

Now, it looks like I may be able to.

The Mighty Karnak (not *our* Karnak, the other one) sees Greece being booted out of the Euro, the drachma at levels not seen since the glory days of the Italian Lira, dark-haired, smokey-eyed beauties throwing themselves at foreign men (that's, ahem, me), and yours truly reclining in a brilliant white house overlooking the Aegean.

Ah yes, it will be mine.

I prefer my women to have less body hair than I do 

[SysError]

An interesting opinion piece by Krugman on Greece in the NYTimes.

http://www.nytimes.com/2015/06/29/opinion/paul-krugman-greece-over-the-brink.html?_r=0

[zack1234]

Krugman is a  tool.

He is printing what you want to read.

The EU is a copy of the US.

Its in The Times so it must be true and well investigated.

[Scherf]

Yes, it's an old topic.

That said, this is the single best explanation of the Greek situation I've yet encountered.



Slightly NSFW.

"Genius!"

[PR3D4TOR]

 

[Brooke]

Genioos!