Hypocritical Germans refuse to aid the countries that aided them (user search)
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  Hypocritical Germans refuse to aid the countries that aided them (search mode)
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Author Topic: Hypocritical Germans refuse to aid the countries that aided them  (Read 7147 times)
136or142
Adam T
Junior Chimp
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Posts: 7,434
« on: February 05, 2015, 10:53:04 AM »

This is utter nonsense on two counts
1.The debt relief that Germany received back in 1952 (53?) was debts piled up by a dictatorship.  Though the Nazis were initially kind of elected in democratic elections they, of course, never held any subsequent elections.  It is generally agreed, though I don't believe there is any specific rule, that the people of a country should not be held to the same degree of account of paying off debts piled up by a dictatorship as paying off debts incurred by democratically elected governments.  Though Greece had a military dictatorship up to, I believe, 1977, I highly doubt they were responsible for much of the debt.

2.More importantly, according to Wiki, Greece has already been given significant debt write downs:
"In October 2011, Eurozone leaders consequently agreed to offer a €130 billion second bailout loan for Greece, conditional not only on the implementation of another austerity package (combined with the continued demands for privatisation and structural reforms outlined in the first programme), but also that most private creditors holding Greek government bonds should sign a deal accepting extended maturities, lower interest rates, and a 53.5% face value loss."
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136or142
Adam T
Junior Chimp
*****
Posts: 7,434
« Reply #1 on: February 05, 2015, 03:09:38 PM »

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I agree with you, but there is obviously no way the EU can agree to make any major changes as that would just encourage the political parties in other debt racked European countries.

Maybe they can agree on additional humanitarian aide to Greece or slowing the debt payment process.
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