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Do you believe the banks share any responsibility for lending so much to such a dysfunctional country?
by yequalsx 11y ago
Do you believe the banks share any responsibility for lending so much to such a dysfunctional country?
- tosseraccount 11y agoSome. Banks need to bite the bullet, too. Private banks were apparently smart enough to dump this on the IMF. I don't have a problem with the IMF going bankrupt. Private lenders can better deal with these kinds of shenanigans anyway. The threat of bankruptcy forces them to spread out their risks better. No need for IMF to compete with them.
- pvaldes 11y agoLending is not the only problem. If you drive like crazy you are the problem, but if all policemen in the city see your dysfunctional driving for many years and just smile and do nothing to stop you and finally somebody died, the police is also part of the problem. How many surveying organisms in Europe related with economy failed to see this coming? All? What is the statistic probability of this happening just by chance in Ireland, and then in Portugal, and also in Spain, and again in Greece, and...? All at the same time...