Still, it’s a tough row to get through before things look better for Greece, but it’s a great country. Really wish them all the best in this.
]]>But I think of Iceland when I see all those financial overlords wringing their hands. I know Iceland isn’t Greece and the circumstances aren’t identical, but still, Iceland is hanging in there much better than if they’d just followed in lockstep with what they were told.
I just noticed today that the Eurozone is now not asking for immediate payment on the due debt (which they weren’t going to get anyway and should have recognized before going through all this crap). Maybe they’re coming to their senses? Nah.
]]>The creditors, by demanding more, are going to get nothing. The economics are clear and well known, but bankers obviously don’t believe in facts.
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