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Originally Posted by CaptainCrunch
Question though, why wouldn't the German's take this position? Its not like they're going to get paid back for the money they'd put into any further bailouts.
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There's a difference between not wanting to loan Greece any more money, and not doing it because they don't like Syriza as a party.
The first is a financial issue. The second is politics and blatant disregard for the democratic process of Greece. Plus it completely ignores the needs of German taxpayers.
Let's remember: the whole point of the negotiations outside of Greece should be about the debtors getting as much money back as possible. If the negotiations fail and Greek economy enters an even worse downspiral, they just start defaulting on their loans and taxpayers around Europe get nothing. If this wasn't the case nobody would care enough to negotiate with Greece.
If they are more interested in crushing a democratically elected government in Greece than protecting the financial interests of Germans, then they are not doing what they are supposed to be doing, nor what they claim to be doing.
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I don't see why Germany would see any value in basically putting money in a hobo barrel and starting it on fire as long as the current government is in place.
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You have this upside down.
First of all, Germans are willing to work with ND and PASOK, the parties that created the debt crisis. They are not willing to work with Syriza that had nothing to do with it.
More importantly,
the Greeks don't need more money. They need
extensions on their loans and debt relief/restructuring. The Greek government would already be running a surplus if it wasn't for the debts.
If Greek economy collapses due to defaulting on loans and a banking freeze, that on the other hand will probably mean they will again be needing more money.
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If I was generous, I would say both sides are negotiating in bad faith
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Care to explain why in your opinion the Greeks don't really want a deal?
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BTW I couldn't read the article because it was asking me to subscribe.
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It was not behind a paywall when I linked to it.