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9 Comments
longdesays...Bottom line: the greeks have to pay what they owe.
longdesays......
artful_codgersays...^ to a point yes, reckless borrowers should be punished for their greed, but the core of the problem / resentment is that reckless lenders are not being punished - they (german banks) lent billions of euros of loans to greek banks and now they want their money back !?
Sorry German banks, you made a bad bet, don't go looking for your money back from the Bookie when your horse falls.
longdesays...You forget that ordinary citizens have money in those banks that are used to lend to the greeks among others. So all of Europe should fall because greeks overextend themselves?>> ^artful_codger:
^ to a point yes, reckless borrowers should be punished for their greed, but the core of the problem / resentment is that reckless lenders are not being punished - they (german banks) lent billions of euros of loans to greek banks and now they want their money back !?
Sorry German banks, you made a bad bet, don't go looking for your money back from the Bookie when your horse falls.
artful_codgersays...no, not because Greeks over-extended themselves, because German banks over-extended themselves.
EMPIREsays...Yes, this is all terrible, but let's not forget that the Greek government was actively engaged in a huge cover up of their financial woes. They were severely debted and still acting like nothing wrong was happening, and lying about it.
artful_codgersays...yep, the kid lied about his age to get into the nightclub, but once in there was plied with cheap booze by the Barman because he got a nice bonus at the end of the week, based on how much alcohol he sold.
bmacs27says...You're acting as if the bond holders have been completely unwilling to work with Greece. They're willing to forgive more than half the debt if the Greeks would be willing to take a 25% pay cut. I know it hurts, but there has to be some shared responsibility.
>> ^artful_codger:
yep, the kid lied about his age to get into the nightclub, but once in there was plied with cheap booze by the Barman because he got a nice bonus at the end of the week, based on how much alcohol he sold.
Enzobluesays...Point is the Greek working class has to pay and their only mistake was to have a job.
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