Pater Familias

Theories, observations, and articles, by Philip Schaefer · All posts · Categories

THE IMPORTANCE OF THE GREEK DEBT CRISIS.

September 16, 2010 at 3:19 PM · Economics, History, Politics

THE IMPORTANCE OF THE GREEK DEBT CRISIS. Kids, I posted here about how the euro is threatened by the Greek debt crisis. Michael Lewis in this interview says that he doesn’t think that Greece can repay 100% of its debt (without a total bailout by Europe). He thinks the more interesting point is that Greece doesn’t even want to pay it.

1 comment

Mary Jane Schaefer September 29, 2010 at 12:51 PM

How long does it take to repay Greece for it’s classical culture. The world is in its debt, but enough already. Isn’t there a cultural statute of limitations?