re: #108 Joanne

On The Nose. Economic morons making moronic statements.

Greece’s problem was that their options were not austerity or stimulus spending, it was austerity or default. Nobody was willing to loan them money for stimulus spending because they knew it would never get paid back. There is a good argument to be made that default would have been a better option, but that would also mean leaving the euro and cause a whole host of other issues.