There are many approaches to their current situation. We will see how the greeks will decide. I might try something new. Simply tell the world I won't pay my debts. Starting from the zero without bankrupcy.. Is there somebody to lend the greeks money for the new beginning? Sure there are many investors who would lend them even if they know that the greeks are not reliable partner. There is just too many money on the world..
Gold is not inherently valuable. It's useless. That's why it was used to mint coins in the past, plus the fact that it's hard to get means counterfeiting is hard. Then people started attaching some mystical value quality to gold itself.
Debt, however, is valuable. It's a direct expression of things owed and I very much like being owed stuff. Especially when I can choose what that stuff is later at my convenience.
It is a difficult task. SA needs plenty of water for the nearest decades. What are the options to get it? How much will it cost? Many difficult questions to answer. Many approaches to choose. If the ideal is to built a great dam, then everything else burden the environment more. Creating of the desalvation factory take a lot of earth resources as well as the energy which also comes mostly out of non-renewable sources. If you produce electric energy you have a great impact on the environment too.
Nope. I should use a different phrase. I was sorry, because I symphatise with this guy who tried to create something and it did not end as he expected.
