Maybe not tying X nations to the same currency?

but that was the plan

i think he was saying he was prepared to or did use the debt as leverage

it shouldnt work

He was part of the radical left wing greek party

does that mean hes done a u-turn?

You should never borrow money

You kinda have to sometimes tho

he blamed germany in part (german banks) for lending to foreign countries, as opposed to investing in their own businesses, which allowed greece to accumulate so much debt. at least thats what i understood from it

@M4Gunner there's nothing wrong in running a deficit, as long as the borrowed money is used to finance growth

It's often the only way for most countries

what if it's spent on hookers and blow?

But wont we at some point get into a point of no return once everyone is in debt?

in the context of giving money to another country, is there a difference between lending and investing?

A loan is an investment. Banks make money from loans

ok, so when Yanis' say the solution is to encourage investment, he is literally asking for loans? because the impression i got from "investment" was to invest in equity of businesses

there are already too many loans

@Trebjonn debt isn't the end of the world. Someone's debt is another person's profit. You can also sell debt.

too much debt generally

Gunner owes $150 to a friend that died. <:GWmythiFeelsBadMan:391321619748093972>

could always pay his next of kkin

no kids

@orolyn yes, get companies to move into the country to invest, and get banks and istitutions to finance projects

@Capitán Alatriste I know, but most of the debt are related to actual countries and the those that profit are indivudals

> There is nothing wrong with debt as long as it finances growth.

Essentially correct, until you see negative growth

the implication of debt financed growth is that the growth will pay the debt back via ROI... it's like taking out a credit card to finance your business startup exploits

Yes pretty much

Or if you can hardly even pay the interest on the debt as a nation.


Debt itself on a nation level is also dangerious as it ends up used as a bases for the debtholders countrys currency. Which leads to massive issues when there is a recession. See 2008.

@M4Gunner morning

@Ondsinet 🌄

It can become a domino effect.

Sorry to hear about your friend

guys my roommate got to the coffee pot before me and now i have to water my coffee down or ill have a panic attack

@M4Gunner morning you beautifully ugly bastardo

This isnt sexist
https://www.youtube.com/watch?v=cnjjkgIO3Ck

The 2008 crisis was due to debt among the financial sector aka the mixing of investment and saving banking. Nothing to do with national debt @Goblin_Slayer_Floki

Women cant make coffee

@Goblin_Slayer_Floki i assume that when the last domino finally falls, the game resets?

@Goblin_Slayer_Floki y thank u

Tardo

BAD TASTE