Hello, welcome ladies and gentlemen to the Investors and Creditors section of /pol/. Today we analyse and discuss the debt due timeline of Greece.
http://graphics.wsj.com/greece-debt-timeline/
This timeline accounts all debt payments from June 7 2016 to August 20 2059. Total debt due is 293.9 billion Euros.
As of today, Greece GDP is 242.2 billion USD. GDP growth is negative (-0.033) and it's negative since 2008. This means Greece will not be able to extinguish its debt in this CENTURY if this growth trend doesn't change soon. This also means Greece will issue more and more debt soon.
Major Creditors and Investors include: IMF, Euro govs, private entities, ESM, ECB.
>The next payment (On June 7) consists in circa 300,000,000 Euros to the IMF
>On June 10, total short term treasury bills due account for 3,600,000,000 Euros
>In June, Greece will have to pay back 5.5 billion Euros
>In July, Greece will have to pay back 25.8 billion Euros
>In August, Greece will have to pay back 2.4 billion Euros
This Summer alone, Greece will somehow extinguish 33.4 billion Euros worth of debt.
Assuming exchange rates will stay the same as of today, this means that this Summer alone Greece will repay a sum of debt equivalent to 15% of its GDP.
>15% of GDP.
This Summer alone.
How fucked is Greece?
Is someone actually expecting Greece to pay its debts?
>>76083604
>German offering to the bank jew
Greece is canned. They can't repay their debt.
>>76083604
Geeece pays shit for interest to the ESM/EFSF and the Eurozone bilateral loan facilities.
Only the fucking IMF asks for serious money as interest.
At fucking 1%, yes 300 billion in debt is super sustainable. It is just 3 billion a year.
P.S. you really don't know what interest payments are vs. roll-over refinanced debt.
>>76083604
ITT: morons telling us to give refugees money indirectly
>>76084410
If debt is sustainable, tell us why are Greeks trying to renegotiate payments.
I sincerely doubt someone would refinance Greece with this growth trend.
>Germanfag hopes not all his money is lost
>People always telling Greece to pay denbts
>Nobody says shit to America about its denbts
>>76083604
Pretty fucked but the national bank of Greece is undervalued by well over 5000 percent. One big spike in gdp and I'm a billionaire
>>76085124
US GDP growth is positive. Credit ratings are high. No one thinks America won't be able to pay denbt.
>>76083604
Is it true that other European nations are almost as bad, but are effectively protected from this kind of targeting, because for example if Italy had trouble France would not be able to escape, whereas you can kick Greece around all day?
>>76085421
Greece is kicked around only because their ability to pay denbts is seriously compromised because of their inefficient and unproductive economy. They showed the world they risk tanking every year since 2008 and then they try to act like the big boys in the room. Ass kickery is deserved.
>>76084988
>If debt is sustainable, tell us why are Greeks trying to renegotiate payments.
Because they are deadbeat, corrupt assholes. The Greek government are communists who promised the world to the Greek. But those promises don't work.
The point is, Greece can easily afford its current debt, but it is shut out of the market, so it cannot make NEW debt. And that is why Greece is trying to get rid of the old debt, so it can make a lot of NEW debt for NEW gibmees.
>>76085917
You totally leave out the GDP growth issue. A country is able to afford denbt only if its growth rate keeps up with the growth of denbt due.
Greece is fucked up because their economy is based on olive oil and tourism.
>>76086120
>You totally leave out the GDP growth issue. A country is able to afford denbt only if its growth rate keeps up with the growth of denbt due.
Greece has a real GDP growth rate right now.
My point was that the debt is NOT growing for Greece. Greece can live with the debt it has right now without increasing it and just paying interest on it. If that works, what is the problem in the first place? Even if Greece had 0% growth in real GDP over the next 30 years, the interest on its debt would still be sustainable.
Can't you guys just coup d'etat us for a new pro-capitalist libetarian government pls
>>76086956
>Can't you guys just coup d'etat us for a new pro-capitalist libetarian government pls
That is your job, Greek. Wolfgang Schäuble tried to help you. He said "Get out of the Euro, get out of the EU, clean up your affairs, get a massive debut cut and then come back." But no, you called him a Nazi and wanted to continue this shit.
>>76087605
No... our commie government did
>>76086482
Interest continues increasing, and the Greek government doesn't seem to be interested in austerity all that much.
>>76087807
You dumb Greeks voted Tsipras en masse, now you all despise him because he came to the conclusion that Greece can't act like the big boy renegotiating things and playing a part in the EU. Beggars can't be choosers.
Now cut off this damn bureaucracy and fire all the State employees. Confiscate all the Orthodox Church properties that account of more than 30% of real estate in Greece and more.
>>76088495
It's all because our commie mindset
We need to get rid of commies, I don't know why Greeks love socialism so much even if the fucking country they live in is clear proof that it has failed
>can't act like the big boy renegotiating things
Yeah but we can though
Greece leaving the EU could be detrimental
>>76088624
The UK is a big boy. Greece isn't. If you get out of the EU the Turks and the Chinese will eat you alive. Just confiscate the Church's real estate and sell them to pay some denbt. This is a real solution.
