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True, it's almost an inherent part of the fiat money system, as is inflation. But what is the alternative ? A return to the gold standard! I'd rather stick with what we have now. Too many people think that when "money" was backed by one specific precious metal, that the economic landscape was more stable than today, and it was anything but. What is really needed is a way to get more money into more hands rather than the accumulation or concentration of money as has been happening in recent times. For some perverse reason, the Fed and commercial banks don't seem to understand this. Every economist with even half a brain has been saying for years now that the bail outs can't work. That Greece needs not just debt relief, but much much more importantly growth and investment. Even the IMF has been threatening that if Greece needs another bail out (which is likely) that they won't participate if it's the same old formula, because it just won't work. This isn't about good or bad anymore. It's not a morality play. It's about what will get the country kick started again. The EU formula has been tried for 5 years now and the results are there to see for everyone. I can assure you that if Germany or France were in a similar position the EU would not have sat so idly. This is what I mean by the small players have to play by the rules, but the big players can move the goal posts. Just like the U.S. did in the 70's when the Bretton Woods system and the gold standard was not working anymore for them, so they changed the rules!

PAOK is the 2015 - 2016 Greek Volleyball Champion, beating Foinikas Syros 3:2 in the fourth game of the series.

Unfortunately we lost 3:0. Two "maimou" penalties and the third goal from an obvious offiside position.

BT, or a good short spell to rejuvenate and get rid of al the injuries....... Good to start and finish in Toumba.

I don't know. I've been saying since day one that Savvidis should keep his mouth shut. Too much bla bla.... I'd say there was no action, but there's plenty of action. To the tune of having 3 coaches a year, and entirely new teams every year.... that's plenty of action. Just not good action. The first 2 years I understood about him micro-managing, and not wanting to hand his check book over to the lamogia..but he should have people he trusts in all the important positions by now. Instead, we have his Tzabella-groupie son tough talking on instagram and twitter, and a rotating door at every important position.

The issue is that while we accepted bail outs, the accompanying reforms were never implemented or if implemented, at a very slow pace. When the reforms that were implemented finally got some traction, we had elections and Syriza came into power. They were able to do everything the Greek people had done the previous 5 years in just months. This current administration set back the country 10 years!! ( I am being generous). Many of the required programs requested by the creditors have been necessary and long overdue. They have the intellectual capital, just not at the political level.