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I've provided several sources, which you haven't bothered to try and dispute. Your WaPo link disagrees with nothing I've said. You asked why people are talkin
by Lazare 11y ago
I've provided several sources, which you haven't bothered to try and dispute. Your WaPo link disagrees with nothing I've said.
You asked why people are talking about taxpayers having to bail Greece out, and why we don't try and punish the banks. The answer is because the debt is overwhelmingly owned by taxpayers, not banks[1]. (Which, in turn, is in large part because in 2012 we punished the banks still holding Greek debt pretty severely.)
If you persist in thinking that foreign banks hold the bulk of Greek debt, or that no haircut ever happened, then EU politics will continue to be a mystery to you.
[1]: http://money.cnn.com/2015/01/28/investing/greek-debt-who-has-most-to-lose/index.html http://money.cnn.com/2015/01/28/investing/greek-debt-who-has...
- littletimmy 11y agoNow you're just claiming I said stuff I never said. Conveniently, you stopped quoting me now. There is nothing more to discuss. By all means continue posting if you are a last-word freak.
- Lazare 11y ago> > You asked why people are talking about taxpayers having to bail Greece out, and why we don't try and punish the banks. >Now you're just claiming I said stuff I never said. Oh really? > More often than not, you'll hear stuff like: [...] "Why should taxpayers bail Greece out?"... All the while, there is absolute ZERO condemnation for banking entities making risky loans. There is not even a tacit nod towards acknowledging that if banks make loans that fail, it is their loss to eat. Please.
- littletimmy 11y agoSure. The Washington Post link establishes that. That you refuse to read it is your problem. Google it.