Steve Kelley by Steve Kelley

Steve Kelley

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  1. DavidGBA

    DavidGBA said, about 1 year ago

    If the Greeks refuse the plan, they will not be able to borrow, and then they will know austerity. If you leave the zone to print money to get out of your debt, nobody will loan to you, since it is as bad as partial default. They need economic reform that makes expansion possible without loans.

  2. Eryx

    Eryx said, about 1 year ago

    One should look at Greece together with Spain. Both had (facist) dictatorships for decades after WWII. They had much less time as independent states before joining the EU. Perhaps they needed more time before joining. Spain’s best and brightest are leaving their country for elsewhere in Europe. And much of Europe has been seeing below-replacement birth rates for decades, while being wary of letting in immigrants. This means that there are no young workers to pay for their elders’ benefits. It’s the same problem we have in the U.S.

  3. Ms. Ima

    Ms. Ima said, about 1 year ago

    She sounds like my ex wife. At the time I was sad but after we broke up my life got infinitely better and hers got worse.

  4. INGSOC

    INGSOC said, about 1 year ago

    By all means, it will most certainly become quiet….

  5. MortyForTyrant

    MortyForTyrant said, about 1 year ago

    Recently Germany loaned five billion Euros for free (zero interest). As long as this is possible we can prop up Greece forever. And we (and the rest of the Euro-zone) are leaning on them pretty heavy. Let’s hope the repeat of the election get’s them a sensible government. But then, “sensible” is in the eye of the beholder, from a German perspective we work on cloning Ms. Merkel…

  6. MortyForTyrant

    MortyForTyrant said, about 1 year ago

    @MortyForTyrant

    Correction: we LEND, not LOANED (we got the cash). Darn, i have to be more careful…

  7. Ed Diephaus

    Ed Diephaus said, about 1 year ago

    Am I the only subscriber who has to come here to see the Kelley editorials?

  8. Libertarian1

    Libertarian1 said, about 1 year ago

    @Eryx

    Way too short of a time span. Only going back 60 years so as not to blame the leftist leaders of the past 20 years is very short-sighted.

    How you you possibly forget Tomás de Torquemada in the 15th Century? There is where today’s problems arose. Spending way more than they took in had nothing to do with today’s potential bankruptcy.

  9. Eryx

    Eryx said, about 1 year ago

    @Libertarian1

    Many European countries have replacement rates between 1.6 and 2.0, when about 2.1 is replacement for the population (i.e., each 2.0 people need to produce a bit above 2.0 children to replace themselves-and some children die before they can reproduce). The U.S. is just above 2.1, only due to immigrant births.

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