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No. Greece got money from german and french banks. (Like giving all your money to an old, sick, homeless, uneducated, drug addicted, person. Would you do it?) T
by twobits 11y ago
No. Greece got money from german and french banks. (Like giving all your money to an old, sick, homeless, uneducated, drug addicted, person. Would you do it?) That, turned out great for the german and french industrialists. Greeks had "free money", and more BMWs were sold. But, suprisingly, didn't turn out good for the banks. So, the politicians, appreciating their cuts, transfered the debts to their taxpayers, all over europe, to "save greece". End result: Industrialists, happy. Banks, happy. Politicians, happy. The tax payers, pays (much, much, much) more.
- danmaz74 11y agoOh God what a perfect conspiracy! But it's not at all as simple as that. The most important thing to remember is that "too big to fail" is morally very bad, but it doesn't mean it's not true. If Greece had been allowed do default when the crisis hit hardest, very likely speculators would have attacked also Spain, Italy, Portugal, Ireland, and possibly the whole EU would have gone to pieces, with MUCH worse consequences for all EU citizens - and the whole World, actually.