Grexit and Propaganda | 51 comments (51 topical, editorial, 0 hidden)

Greece currently has a Target2 balance of around -100 billion Euros. That money would be gone. Peanuts?

_{Schengen is toast!}

by epochepoque on Mon Jun 29th, 2015 at 06:53:23 PM EST
[ Parent ]

Re: Just to clarity (4.00 / 2)

That is the money that already is gone.

Expelling Greece would force the creditors to realize that it is lost in their accounting books as well as in reality. But not expelling Greece would not magically make it not-lost.

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Mon Jun 29th, 2015 at 11:32:16 PM EST
[ Parent ]

Re: Just to clarity (none / 1)

It's "the bezzle".

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Carrie (migeru at eurotrib dot com) on Tue Jun 30th, 2015 at 12:14:54 AM EST
[ Parent ]

Re: Just to clarity (4.00 / 5)

About twice what it would have cost to fix the crisis in early 2010. But no, because Weimar!

And about 1/3 to 1/4 what will be lost if Greece actually defaults.

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Carrie (migeru at eurotrib dot com) on Tue Jun 30th, 2015 at 12:16:56 AM EST
[ Parent ]

Grexit and Propaganda | 51 comments (51 topical, 0 editorial, 0 hidden)

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