tag:blogger.com,1999:blog-4900303239154048192.post4659429652827534825..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Greek ReformsUnknownnoreply@blogger.comBlogger1125tag:blogger.com,1999:blog-4900303239154048192.post-51875625697649390112012-05-14T15:58:39.268-04:002012-05-14T15:58:39.268-04:00All these suggestions are fine but the elephant in...All these suggestions are fine but the elephant in the room is that Greece (and all Eurozone countries) must borrow through private banks to fund growth.<br /><br />Banks only lend the principal, not the interest , so the funds required to pay the interest do not and never will exist unless the ECB creates them and gives them to the Eurozone countries.<br /><br />Otherwise, through the miracle of compound interest, the 'zones finances will deteriorate to the point that no amount of borrowing will solve the problem.<br /><br />Oh, wait…paul melihttps://www.blogger.com/profile/04604543110795683837noreply@blogger.com