Did Schäuble win? | 258 comments (258 topical, editorial, 0 hidden)

Re: Did Schäuble win? (4.00 / 2)

I don't think the whole question of the war loan is brought up in terms of public relations, but in terms of negotiation. The idea that Greece outside the eurozone will still owe Europe a ton is constantly bandied about. The war loan is a counter to that idea. This is its main purpose.

by Upstate NY on Mon Feb 23rd, 2015 at 11:38:52 AM EST
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Re: Did Schäuble win? (none / 0)

If it is not even public relation stunt - a idiotic one, by the way -
it is even more nutty.

And it won't help you with debt hold by the ECB or the EFSF anyway.

by IM on Mon Feb 23rd, 2015 at 12:07:51 PM EST
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Re: Did Schäuble win? (none / 1)

From the distant American shores where I view this crisis, there is a whole lot of nuttiness.

Given my interactions here today, I am quite frankly stunned that some of the basics of the Greek debt problem are not known in Germany. For instance, how Greece entered the euro. And, whether Greece has really been in default over the years.

Now, I have yet another revelation. That the conversion of Greek loans in 2012 is not understood either.

by Upstate NY on Mon Feb 23rd, 2015 at 12:26:47 PM EST
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Re: Did Schäuble win? (none / 0)

What the hell are you talking about? Your theory how the conversion happened is rather weird. And I haven't said anything about how greece entered the euro (quite irrelevant now anyway) or where and when Greece was in default (even more irrelevant).

by IM on Mon Feb 23rd, 2015 at 12:41:11 PM EST
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Re: Did Schäuble win? (none / 1)

Did you not state below in reply to a question about Germany's haircut in 1953 that Greece also received a haircut?

You did.

by Upstate NY on Mon Feb 23rd, 2015 at 12:44:06 PM EST
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Re: Did Schäuble win? (none / 0)

Yes I did. And that is exactly true. So?

by IM on Mon Feb 23rd, 2015 at 12:51:23 PM EST
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Re: Did Schäuble win? (none / 0)

I'm done going round in round in circles. You just asked me how my point about conversion is relevant. Take it away. I'm done.

by Upstate NY on Mon Feb 23rd, 2015 at 01:07:28 PM EST
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Re: Did Schäuble win? (none / 0)