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

No comments: