4 ms·
> 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 perfect
by 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