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The problem with allowing Greece to not pay the debt or part of the debt is what happens with the rest of the countries that are not only contributing with Gree
by ErneX 12y ago
The problem with allowing Greece to not pay the debt or part of the debt is what happens with the rest of the countries that are not only contributing with Greece (Spain alone I believe has given 26bn € to Greece) but are also enduring harsh economic measures to put their economies in order?
- toomuchtodo 12y ago> what happens with the rest of the countries that are not only contributing with Greece (Spain alone I believe has given 26bn € to Greece) but are also enduring harsh economic measures to put their economies in order They should exit the Euro. Better to default, deal with the temporary pain, and re-emerge vs being shackled to austerity-induced slavery. Like Iceland did. http://www.spiegel.de/international/europe/financial-recovery-of-iceland-a-case-worth-studying-a-942387.html http://www.spiegel.de/international/europe/financial-recover...
- 6t6t6 12y agoWell, they expected to make a good profit borrowing a huge amount of money to Greek institutions. They took the risk, they lost. It's not black and white, but from all the people who has responsibility in that failed business, I don't think Greek citizens should be on top of the list.