Greek debt and history

Anyone else thinking of Don Pacifico over this?

10 thoughts on “Greek debt and history”

  1. So Much for Subtlety

    Not really.

    But I have been thinking what the Greeks would do if the shoe was on the other foot. So I think we ought to hold up any possible Greek settlement until Athens formally acknowledges that the Elgin Marbles are rightfully British.

  2. Can I for once urge anybody reading this to pop over to Tax Research UK. Feast your eyes on Ritchie’s historical analogies. Ask yourselves what sort of individual could compare Angela Merkel with a predecessor and her actions.with his in Sudentenland.

  3. In my view the Germans are being the good guys. Schoebel clearly wants the Greeks out, and that is what anybody should want who cares about the fate of the Greek population.

    It’s the frogs and the wops who are trying to keep them in for another round of pointless austerity and suffering provided the krauts’ll pony up another 50bn or is it 80bn… you know 10 billion here and 10 billion there and pretty soon you’re talking real money…

    I wouldn’t be at all surprised if Tsipras were to have a nasty accident. But maybe someone took him to one side and explained that, hence his u turn.

  4. Not clear what the gunboat would achieve with a broke nation (could the Royal Navy even blockade Piraeus these days?).

  5. A better precedent than the Don Pacifico affair would be the 19th century experience of Egypt, which after a period of debt financed state led investment found itself effectively being run by its major creditors, Britain and France. Britain edged France out over time. The long run effect was to make us (perhaps unsurprisingly) unpopular in that part of the world, more so than in the British Empire itself. I’m not too sure whether we got our money back, either!

  6. So Much for Subtlety

    DocBud – “Not clear what the gunboat would achieve with a broke nation (could the Royal Navy even blockade Piraeus these days?).”

    Greece has more tanks than Germany so I think it is a foregone conclusion that they have more than Britain.

    However Palmerston ordered the RN to seize Greek shipping of suitable value. Shipping is still one of the last Greek industries. Hmmm …..

  7. “I wouldn’t be at all surprised if Tsipras were to have a nasty accident. But maybe someone took him to one side and explained that” They wouldn’t be so unsubtle. It would be his wife who died in the car crash.

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