congratulations to them, I suppose the next country to solve its huge debt should be France? When do they start?
shezofrene on
how they managed to pay it off
Money_Lavishness7343 on
That’s not actual good news. Economists know that if you’ve got debt you’re not supposed to “pay it earlier”, it’s not a human-mafia boss that you owe the money to and you have to pay early the money.
Debt is good as long as you’re paying it. If you’ve got “spare money”, you should use it for investments, not paying your debts early. That’s how real economies are doing this, but Greece has no economy, has no real investments, and doesnt know how to make themselves attractable to investors with one of the highest taxations in Europe.
Don’t treat countries/entities like people. Countries do not austerity, they need investments and relaxations. Countries don’t need to pay debts early, they need to invest the spare money they have instead.
thekyip on
I didn’t know countries actually pay off debt
imnewtothisplzaddme on
Will they lower taxes on the populace asa result of this? Will they keep the taxes and invest in the country? Whats coming for Greece?
JimTheSaint on
Congratulations greece – there is light at the end of the tunnel
b3iAAoLZOH9Y265cujFh on
My congratulations to Greece. Hopefully it’ll serve them well.
7 Comments
congratulations to them, I suppose the next country to solve its huge debt should be France? When do they start?
how they managed to pay it off
That’s not actual good news. Economists know that if you’ve got debt you’re not supposed to “pay it earlier”, it’s not a human-mafia boss that you owe the money to and you have to pay early the money.
Debt is good as long as you’re paying it. If you’ve got “spare money”, you should use it for investments, not paying your debts early. That’s how real economies are doing this, but Greece has no economy, has no real investments, and doesnt know how to make themselves attractable to investors with one of the highest taxations in Europe.
Don’t treat countries/entities like people. Countries do not austerity, they need investments and relaxations. Countries don’t need to pay debts early, they need to invest the spare money they have instead.
I didn’t know countries actually pay off debt
Will they lower taxes on the populace asa result of this? Will they keep the taxes and invest in the country? Whats coming for Greece?
Congratulations greece – there is light at the end of the tunnel
My congratulations to Greece. Hopefully it’ll serve them well.