tag:blogger.com,1999:blog-5882645467378797266.post7320683611181317340..comments2023-07-17T11:55:51.363+02:00Comments on ObservingGreece: Paul B. Kazarian: "Greece Has Practically No Debt!"kleinguthttp://www.blogger.com/profile/12491174042954678023noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5882645467378797266.post-86277874466959348532018-08-22T17:17:26.324+02:002018-08-22T17:17:26.324+02:00By Kazarian's analysis every distressed countr...<br />By Kazarian's analysis every distressed country's debt would be practically zero because the NPV has been hammered. The 'hammering' is a consequence of the terrible state of affairs. <br /><br />Greece still has to pay the debt and the interest in a currency that they don't control. How will they come up with the future interest payments that have currently been deferred? Will the interest rate continue to be so low if Europe and the rest of Greek debt holders go into recession?<br />Where/How will Greece come up with the euros in hard currency to meet even these lowered interest payments? <br /><br />In the past, Greece would inflate away it's heavy debt burden by printing drachmas. Now what? Xayotihttps://www.blogger.com/profile/02236453440288356657noreply@blogger.com