Wednesday, 28 September 2011

Greek Debt

As to Greek Debt, I think I have solved the problem. The Greek people clearly do not want to cut government spending, and I can understand their position. The Germans for their part do not want to continue much longer to pay the difference between Greek government spending and tax income; and I can understand that feeling also. Perhaps the Germans would be reconciled if they got some Greek real estate in exchange; perhaps an island or two each year depending on the size of the deficit. This could continue for  many years; indeed indefinitely, for, as Germany acquired more and more of the sovereignty the deficit would gradually become their problem, and not that of the Greeks. Neat dont you think?



Yours sincerely,

L. Cawstein,

12 Longhirst, MORPETH

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