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The problem isn't that Greece cannot repay the debt. The real problem is that the people of Greece were indebted by the politicians whom most of them didn't eve
by snitko 11y ago
The problem isn't that Greece cannot repay the debt. The real problem is that the people of Greece were indebted by the politicians whom most of them didn't even vote for. And those who did vote for them, were not fully aware of the implications and consequences they and everyone else in Greece were going to face.
Basically, what happened is that one small group of people sold everyone else into debt bondage. They had no moral right whatsoever to do so. Now these people lost their savings and face a daunting prospect of shortages and hardships. Call it democracy, but really it's just a crime. Perhaps it's time to rethink what role should governments play in our lives, if any.
- anovikov 11y agoThis is exactly the reason why strict and enforceable means to collect debt is required: countries are democratic and people can vote against paying the debt, thus relieving politicians who took those decisions of any responsibility. This is why there must be a legitimate force beyond the government control to collect back the money. Or modern economy becomes an illusion.