... And just in case anyone's in any doubt:
Quote:
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German Chancellor Angela Merkel has ruled out cancelling any of Greece's debt, saying banks and creditors have already made substantial cuts.
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http://www.bbc.co.uk/news/world-europe-31072321
But in Spain some folks are hoping they'll be able to write off debts too...
http://www.bbc.co.uk/news/world-europe-31072139
Quote:
Podemos has surged into the lead in recent opinion polls, and says it will seek to write off part of Spain's debt if it wins elections later this year.
Podemos says politicians should "serve the people, not private interests".
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Couldn't see this happening at all...
It always struck me that whilst EU 'investment/bribes' to member states could keep things artificially sweet when times were good, it wouldn't take long for all that to unravel when life got a bit tougher and economic realities came home to roost.