By the time the IMF/ECB are out of this country, all these unsecured bonds will have been paid off so it'll be a bit late then.
As I've said before, taxing people too much only stops them from spending in the domestic economy.
Reduced spending in the domestic economy = little or no job creation.
No job creation = reduced income taxes, reduced spending etc etc and a continuing welfare bill.
BTW black francis, how come when anyone has a view different from yours it's "populist bulls**t"?
How do you think we can re-negotiate the terms of repayments if we're depending on the same lenders to fund our day to day spending.
Do you not think we'd be in a better position to re-negoitiate a write off of a significant portion of this money if we were self-sufficient?
And I sasnd by my comment that most of the anti-tax brigade refuse to engage on the substantive question on how we bridge this gap and would rather trade in cheap sloganeering.