They are but all I was saying was HSBC are unlikely to collapse, the other wings of the bank will prop them up, they are international and did not ask for or raise loans in the banking crisis in the UK
In his blog, Matt Barrett floats an idea to retire the debt:
"...if I was Prime Minister I could solve Greece's financial woes overnight. I would nationalize the Greek Church. The church always says that in Greece there is no separation of church and state. Oh, Really? That is good news because the assets of the Greek church could pay off the debt tomorrow. Then you could house a million homeless immigrants and Greeks in the derelict property the church owns all over Athens and get them out of the center of the city."
I don't mean to joke about a very serious situation and I'm sure Matt doesn't either--he loves Greece. But he raises a valid point, considering their central role in Greek society, the church has kept a rather low profile in all of this.
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