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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 ]
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
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