3 ms·
OK I get that, but won't that backfire in a big way? It's happening right now, I guess... Still, I don't really think Germany can be blamed. Unless you think of
by Tichy 14y ago
OK I get that, but won't that backfire in a big way? It's happening right now, I guess... Still, I don't really think Germany can be blamed. Unless you think of the "weaker" countries as children who can't take responsibility for themselves. But why would Germany be smarter?
I think overall we are just lucky atm (or were lucky for a while...).
- Roritharr 14y agoThats why i said, the euro put Germany in a very fortunate situation. I can't imagine Ex-Chancellor Kohl expecting it to play out this way. Its not that Germany is in any way smarter, Germany would probably have done the same, even if it were just on a governmental or banking level, as private lending is very conservative in Germany.
- dan00 14y ago"Still, I don't really think Germany can be blamed. Unless you think of the "weaker" countries as children who can't take responsibility for themselves." Well, you can't directly blame Germany, that's right. But someone had to lend all that money, and I don't believe, that no one could see the real financial situation in these countries. So, what did the banks wrong, and why nobody looked after the banks?
- Tichy 14y agoThe banks are very well looked after, billions after billions of tax payer money are used to bail them out of their problems. I think for the banks just lending as much as they can makes perfect sense. They have no risk in this modern age.