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Nuclearmonkee posted:It's great because after WW2 the Germans had a huge amount of their debt forgiven. Sovereign debt forgiveness has happened lots and lots of times throughout European history but it is apparently no longer allowed because ??? Because Greece wasn't ravaged by war and carpet bombed into oblivion. Their economy is not tuned to do anything other than borrow and spend and they throw a fit when asked to change anything. Other thing - it sets a bad precedent, why should say Slovakia bother balancing their economy if they can just kick back, relax and than wail about European solidarity when money runs out?
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Jul 17, 2015 09:20
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A Stupid Baby posted:You might as well say that forgiving Germany's debt would be an incentive to other countries to rely on belligerence as a way to shed debt (and one of Germany's reasons for electing Hitler and starting the war was their crippling WW1 debt) Meh, you just wrote it for argument's sake surely you don't believe that someone will try lure EU into bombing them just to have their debt forgiven afterwards.
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Jul 17, 2015 09:40
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