4 ms·

Oh, so funny stab at EU. There is a difference between United States and European Union - you are actually transferring money between states - wealthier ones gi

• moonchrome 11y ago
  That's bullshit. First of all there is redistribution within EU - there are structural and agricultural funds within member states that are geared toward development of less developed regions [1] Second the only thing Germans sucked from Greeks is the bad debt that they had to socialize to keep their banks from imploding (along with the France, Italy, Spain, Netherlands and a bunch of other countries). It might have put Greek economy on bad terms because they weren't competitive with Western Europe (consistent trade deficits) but Greeks improved their standard of living in the last decade mostly because of Euro economic credibility [2]. Meanwhile Greek economy was a small trade partner to Germany [3]. They already wrote off a significant part of Greek debt (50% on some of it) and they are unlikely to recover much from it down the road. [1] https://en.wikipedia.org/wiki/Structural_Funds_and_Cohesion_Fund https://en.wikipedia.org/wiki/Structural_Funds_and_Cohesion_... [2] https://upload.wikimedia.org/wikipedia/commons/e/ea/Long-term_interest_rates_of_eurozone_countries_since_1993.png https://upload.wikimedia.org/wikipedia/commons/e/ea/Long-ter... [3] http://4.bp.blogspot.com/-lN_Ft3vo4XU/T0wZW92xhrI/AAAAAAAAAUc/l4d9LcSoqyY/s1600/Greece-Germany.PNG http://4.bp.blogspot.com/-lN_Ft3vo4XU/T0wZW92xhrI/AAAAAAAAAU...