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And no matter how many lazy op-eds are written saying it, this isn't simply a matter of Greece and Germany. A dept write-off would have huge knock-on effects in
by de_Selby 11y ago
And no matter how many lazy op-eds are written saying it, this isn't simply a matter of Greece and Germany. A dept write-off would have huge knock-on effects in the rest of Europe, with Ireland, Portugal, Spain also then looking for similar write-offs.
Not to mention the crippling Italy, France and Germany's banks. The money has to come from somewhere.
- digitalengineer 11y agoEverybody own everybody money lots of money. How about swapping all this debt and writing it off? See this 3 min. video by two English comedians: https://www.youtube.com/watch?v=YNA2VG_piUo https://www.youtube.com/watch?v=YNA2VG_piUo
- fineman 11y agoNo chance it could come from the banks that made the bad loans? You know, make the criminals pay. I imagine that would have more impact than making the victims pay.
- malka 11y agoThat would go against the very purpose of a bank : privatize what you earn, share your losses.