@sepdek's

The reflections that follow are attributed to a Professor from AUTH, Greece. Suppose you have lent 100 euros to someone with a salary of 100 euros and 500 euros to someone with a salary of 1000 euros. The first owes 100% of his/her salary while the second owes 50% of his/her salary. By what logic […]

Alexander Sack, 1927, When a debt is an “odious debt”: 1. Loans are without the consent of the citizens 2. Loans are wasted without benefit to the citizens 3. The lender know but do not mind Exactly, which of these is incorrect for Greece? Alexander Sack, 1927, Πότε ένα χρέος είναι «απεχθές χρέος»: 1. Τα […]