Governments, especially governments of oil-producing countries, can always borrow money…

…the rub is what the lender charges in interest.

Greece couldn’t afford to borrow before a default…..so how will they afford to borrow after one?

Greece has tourism, which is a lot like oil wealth in that nice beaches and climate is a resource that’s independent of student test scores and good governance.

Interestingly oil makes up 16% of Nigerian GDP while tourism makes up 18% of Greek GDP.

If Greece had its own currency it could devaluate away, making itself much more attractive to tourists. It’s the equivalent of pumping more oil.

What does “100%” ToT mean anyway? You can provide all documentation but you can’t guarantee how well it will be applied. This is like demanding a guarantee for getting your tuition refunded if you can’t get a job after graduation.

Didn’t knew abt that. Do you have a link that can provide more info ?

Not sure how official this is:

[ATTACH=CONFIG]230761[/ATTACH]

http://rewreward.blogspot.com/2012/06/armed-with-ability-to-view-graphics-kfx.html

Against the rebels?! They are deployed by the ukrs. against the perceived threat from Russia (so i will not be surprised if there are actually 27 ukr. Buks over there as claimed ). At least one Strela-10 has been captured recently too, so one can bet there are plenty of those around too. I would not be surprised if some Ukr. S-300 batteries are covering the whole of Novorussia region as well.

It is incredibly astonishing that, notwithstanding the fact that the ukr. controllers directed the plane over a war zone that had multiple aircraft shoot downs, the MH17 overflew the exact site of the ONLY Buk in the whole of that region the rebels are sort of confirmed to have. Not a bit further south, not a bit further north, but EXACTLY there (the Buk doesn’t have that long of a range anyway).

Btw, the twitter page of the spanish controller who claimed that MH17 was escorted (or followed?) by 2 ukr. fighters until 2 or 3 minutes before being shot down has been deleted. Not surprised, but on whoever orders that tweet has been deleted, tough, too late.

If indeed it’s the Ukrainians who are culpable then I would expect the rebels to roll out the red carpet for crash site investigators instead of restricting their access and sending the black box to Russia. Action speaks louder than words and rebel action runs contrary to Russian explanations.

On the contrary, its the single most important question on issue – WHERE did the rebels get their hands on a Buk SAM system? If it was seized from Ukrainian stocks, its one thing. If on the other hand it was ‘lent’ by Russia, in effect placing a very lethal system in hands of an unorganised militia, the responsibility for the downing of the airliner will fall primarily on the Russian state.

The Ukrainians have released some camera footage of a Buk with a partial missile load supposedly being driven towards the Russian border in the aftermath of the incident, but its veracity is still unconfirmed.

Top NATO general says rebel SAM operators received recent training in Russia. You know what I don’t understand is why would Putin supply them with Buks when the Tors would’ve offered a lot of capability without the risk to high altitude commercial air traffic.

http://abcnews.go.com/Politics/nato-general-warned-of-russian-anti-aircraft-training-for-separatists/blogEntry?id=24607368&ref=http%3A%2F%2Fwww.tank-net.com%2Fforums%2Findex.php%3Fshowtopic%3D38893%26page%3D287