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kleinbl00 · 3589 days ago · link · · parent · post: Open letter to the German readers: That which you were never told about Greece
Here's the problem: SYRIZA's solution is to, well, default. As in, "thanks for the loan, we're going to treat it like a gift." They're not saying this aloud, but they're pretty clearly saying "we're not paying back your money" as well as arguing "you never should have given us money in the first place, there's no way we have the ability to pay it back." Jared Dillian had an interesting take on Greece this morning. I'm not nearly the free-market nazi he is, but I will say I didn't discount his analysis out of hand.