tag:blogger.com,1999:blog-36227136.post1876444825592075184..comments2024-01-16T08:40:53.682+00:00Comments on <a href="http://www.openeurope.org.uk">Open Europe</a>: Eurozone reform contracts take shape - and they include "fiscal transfers" OEhttp://www.blogger.com/profile/00556463374230498875noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-36227136.post-72744695740910635012013-11-25T20:45:36.980+00:002013-11-25T20:45:36.980+00:00I noticed from the terms the troika is negotiating...I noticed from the terms the troika is negotiating with Greece that one demand was to suspend the current ban on foreclosing on non-current mortgages.<br /><br />Now who thinks this is a good idea? With a poverty rate of 36% and a high percentage of empty houses already, this can't benefit the Greek people.<br /><br />And it won't benefit the Banks either. Banks don't want to own unsalable empty houses. That's why they often try to work with borrowers to "repair" a mortgage.<br /><br />The Troika baffle me. They often seem to make demands simply to increase the pain the periphery is experiencing.jon liveseynoreply@blogger.comtag:blogger.com,1999:blog-36227136.post-35814437407184511832013-11-25T15:01:31.882+00:002013-11-25T15:01:31.882+00:00The people of Europe will be taxed and expropriate...The people of Europe will be taxed and expropriated against their will. If the nations needing structural reform actually submitted a workable plan, private capital would flow to them. But we all know that there is no enforcement of any plan, whether workable on paper or not. The only "plan" for the nations needing structural reform is to actually implement the reforms first, thus proving to the private market that these nations are good credit risks. The EU is trying to put the cart before the horse.Patrick Barronnoreply@blogger.comtag:blogger.com,1999:blog-36227136.post-37693027541783466132013-11-25T12:00:39.871+00:002013-11-25T12:00:39.871+00:00If the Eurozone was one nation, no doubt the riche...If the Eurozone was one nation, no doubt the richer areas would contribute towards the poorer areas; but there is no doubt who would control the budget, the economy, the governance of those areas. Is that what people want?Rollohttps://www.blogger.com/profile/18255460090580758354noreply@blogger.comtag:blogger.com,1999:blog-36227136.post-73974106026038599092013-11-24T13:28:03.529+00:002013-11-24T13:28:03.529+00:00It makes me think of the old Swedish folktale abou...It makes me think of the old Swedish folktale about the 'Master Tailor'.<br /><br />The end result in the tale was: Nothing.<br />However, maybe the effort by itself can be seen as a very costly Keynesian stimuli of the economy for academics?<br /><br />Link to (one version of) the tale (in Swedish):<br />http://www.sagokistan.se/master%20skraddare%29.htm<br />(Please note: Automated translators makes a horrible job of translating it)Jespernoreply@blogger.com