4 ms·
it's not at all anything moral. it's business. the french and german banks lent to Greece not out of charity, but of profit, a profit earn at the risk of inso
by hahan 11y ago
it's not at all anything moral.
it's business.
the french and german banks lent to Greece not out of charity, but of profit, a profit earn at the risk of insolvency.
Now the Greeks can pay back, that is, the french and german banks failed their business.
if the EU is to bail out, it's bailing out the BIG BANKS, not the Greek People.
Clear ?
Business is business. why the banks would do this risky business, because their principle amount and the interest earned are guaranteed by EU. the situation now is that if the banks win, they have it all; if the banks lose, the eu people pay for them.
if you cant help blaming someone, blame the BANKS and their ruthless risk taking.