Comments on: On the Glory that is Greece http://timworstall.com/2010/03/20/on-the-glory-that-is-greece/ It is all obvious or trivial except... Fri, 25 May 2012 23:23:15 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: sobers http://timworstall.com/2010/03/20/on-the-glory-that-is-greece/comment-page-1/#comment-42361 sobers Sat, 20 Mar 2010 09:56:16 +0000 http://timworstall.com/?p=13951#comment-42361 Spelling: overwhelm of course! Spelling: overwhelm of course!

]]> By: sobers http://timworstall.com/2010/03/20/on-the-glory-that-is-greece/comment-page-1/#comment-42360 sobers Sat, 20 Mar 2010 09:54:58 +0000 http://timworstall.com/?p=13951#comment-42360 @Nick: how exactly have the hedge funds/CDS/speculators forced the Greek govt to spend more than their income for years (decades?) and thus build up massive amounts of debt? Which is now threatening to everwhelm them, and the lenders are threatening to stop lending, or demanding a higher risk premium. How is that anyone's fault but the Greek govt? @Nick: how exactly have the hedge funds/CDS/speculators forced the Greek govt to spend more than their income for years (decades?) and thus build up massive amounts of debt? Which is now threatening to everwhelm them, and the lenders are threatening to stop lending, or demanding a higher risk premium. How is that anyone’s fault but the Greek govt?

]]> By: Nick http://timworstall.com/2010/03/20/on-the-glory-that-is-greece/comment-page-1/#comment-42356 Nick Sat, 20 Mar 2010 08:40:15 +0000 http://timworstall.com/?p=13951#comment-42356 Isn't there just the teensy-weensy possibility that, er, "speculators, CDSs, hedge funds and all the rest" might be partly to blame for this crisis of insolvency? Never! They are not entirely to blame, of course - rampant tax evasion (and, yes, avoidance) are of course key factors in the Greek crisis. How about railing against that? Isn’t there just the teensy-weensy possibility that, er, “speculators, CDSs, hedge funds and all the rest” might be partly to blame for this crisis of insolvency? Never!

They are not entirely to blame, of course – rampant tax evasion (and, yes, avoidance) are of course key factors in the Greek crisis. How about railing against that?

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