Quote:
Originally Posted by Osem
For Geman taxpayers substitute all those UK citizens who didn't fuel the property bubble, didn't spend what they didn't have, didn't borrow like there was no tomorrow but saved and invested for their future and you have a significant proportion of the population who've done nothing wrong, have acted prudently and are suffering hugely through meagre investment returns and inflation. They didn't run up vast sums of credit and walk away but just like the Germans they're the ones paying for the excess of others. In what way is that a recipe for encouraging long-termism and personal responsibility in financial matters? 
How anyone thought the Eurozone could work is beyond me. It flies in the face of all we know about human nature.... |
Such as me .I am a sole trader and could have used my quite reasonable credit to buy a new van for work ,new furniture for the house a couple of decent holidays ect ,ect .Instead i didn't use any credit but refurbished the van i have ,bought good quality second hand furniture and took on extra work instead of going on holidays .Today i don't have a credit card bill ,mortgage payments and van payments so i think i have weathered the storm quite well but i still see my earnings being whittled away by rising costs .