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© (c) 2015 AFPCash-strapped Greece comes up with yen to pay 'samurai' bonds
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© (c) 2015 AFP
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some14some
...and Samurai Japan was overly worried about such a petty amount and running special programs abut Greece default problem (?)
Supey11
Its a sad day when bankrupt Greece does better with paying off its Japan debt than the actual Japanese government.
commanteer
How is that, Supey11? The Japanese government pays all of its debts. They print the money as needed, something Greece cannot do.
Frederic Bastiat
Where, pray tell, did they get the money from?
Oh, right, can't stiff the investors, only depositors. Investments include risk in the real world.
"in arrears " is reality-denier-speak for DEFAULT. The Euro heads refuse to call the DEFAULT for what it is : DEFAULT.
CoconutE3
Hopefully Japanese government can offer them some support even in form of humanitarian aid.
lachance
The sky isn't falling. Relax. You just don't understand what has been agreed behind closed doors. I make things happen without changing goal posts. I make sure it's a win-win-win situation. For instance, look what I just did for Europe suffering under Greek debt. I changed the limitations of the game, not the goal posts. This new solution for Greece seems draconian but it's the best thing that could happen to Greece and Europe. Let me explain, in the same fashion that I proposed it to the think tanks in Brussels (and which Tsipras himself agreed, even with the power of the referendum behind him). Look everywhere on the internet, and you will not see anything remotely like what you'll see in this post. When everyone else was bereft of a solution with the European Union on the verge of collapse, I gave them all a way out.
I made a clear case for Greece giving up its sovereignty (for prosperity within three years) while staying in the eurozone and still having to pay all its debts, with only minor debt relief. Seems difficult to reconcile all this, doesn't it? But everyone came around to this new paradigm, even though it seemed that the new conditions were even harsher than the previous conditions imposed on Greece by its creditors. Here's what I proposed and what creditors and debtors agreed to, including France and Italy which didn't really want to commit...but they offered no alternatives that were not already dead in the water.
I suggested that the drachma not replace the euro, as was about to happen, but that "cheap-product" manufacturers in Germany relocate a sizeable number of those industries to Greece, in fact, flooding Greece with new jobs, which would be highly taxed to pay off Greek debts. I proposed that German industry utilize the cheaper labor in Greece to produce exportable goods to Central Asia and Africa, something which couldn't be done before with expensive German-produced goods. Yes, new markets for European industry, produced on the cheap and sold at a good profit. Central Asia, South Asia, Africa, and Russia could not and still cannot really afford "expensive-product" exports from Europe. In short, what I've done is ensure that this supposed bailout opens up new markets for European industry in direct competition to Chinese made products.
As a consequence, Greece will recover far better than Italy, France or Italy, which will see the wisdom of German management and fall into line. This is a positive good for Greece, which was unable to ever manage its economy properly, and for Europe as a whole. You are about to see Europe revitalized under German management...even as Chinese industry falters to a stop and becomes a hulking mess until the dissolution of the PRC into its constitutent riparian states and releases its colonies of Hong Kong, Macau, Manchuria, Mongolia, Turkestan and Tibet. Yes, my solution for Greek insolvency will ensure that the CCP is no longer a threat to the PAX Americana, where everyone prospers.