4 ms·
>they'll take your car from the car title loan, etc. they'll take your pensions from the pension pot, etc. This deal is about giving predatory lenders politic
by learnstats2 11y ago
>they'll take your car from the car title loan, etc.
they'll take your pensions from the pension pot, etc.
This deal is about giving predatory lenders political power over nation-states.
- Natsu 11y agoThe point of this vote is that they can't take anything unless Greece agrees to it. They will have to control spending in order to get the economy back on track, just as you have to take in more money than you spend to get out of debt, but the whole thing is so broken, I don't know if anyone can fix it and I feel bad for the people who have to suffer from the effects of poor governing. And with this rejected, who will give Greece money now? I mean, who's going to lend money to someone when you know they're going to tell you that you were a sucker if you thought they'd pay you back?
- learnstats2 11y ago> I mean, who's going to lend money to someone when you know they're going to tell you that you were a sucker if you thought they'd pay you back? It is perfectly normal for countries to default. That is an expected part of lending. Here's the list: https://en.wikipedia.org/wiki/List_of_sovereign_debt_crises https://en.wikipedia.org/wiki/List_of_sovereign_debt_crises
- Natsu 11y agoI'm not sure 'normal' is the word I'd use there, unless one counts the collapse of Russia, the Napoleonic wars or WW1 as 'normal'. If you read the section under IMF on the Latin American debt crisis, you'll see quite a few parallels with the Greek situation: https://en.wikipedia.org/wiki/Latin_American_debt_crisis https://en.wikipedia.org/wiki/Latin_American_debt_crisis