[identity profile] gonzo21.livejournal.com 2011-08-15 11:56 am (UTC)(link)
Yes. And I do get the impression the reason the Greeks hasn't yet said fuck it to the Euro is they still think they can squeeze some more loans out of the european banks, before they finally decide to run off with the money and default.

The question is though, why are other countries and banks still prepared to keep lending Greece money, when it is so obvious they are never going to pay it back?

[identity profile] bart-calendar.livejournal.com 2011-08-15 11:59 am (UTC)(link)
Germany wants the Euro to take as large a hit as possible to boost exports and doesn't give a flying fuck it if hurts other countries and since Germany has tons of excess capital that other EU companies don't they can put pressure on for loans to go through.

[identity profile] gonzo21.livejournal.com 2011-08-15 12:05 pm (UTC)(link)
And in the meantime if it shatters a number of large French banks, then that's also good for German business?

[identity profile] bart-calendar.livejournal.com 2011-08-15 12:09 pm (UTC)(link)
Germany's level of concern for what happens to the French or French businesses if fairly well documented historically.