Quote:
Originally Posted by nomadking
The Greeks have already received the money in the form of the original loans. Why should they receive the money again? Everybody would like that sort of loan. Receive the loan money, fritter it away and then get more money on top of the original borrowing.
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Per my post they aren't getting more money on top of the original borrowing, it's going to the German, French and other banks who made the bad loans to begin with.
---------- Post added at 22:37 ---------- Previous post was at 22:34 ----------
Quote:
Originally Posted by nomadking
It's doesn't matter how cheap or expensive the credit was, they never really considered paying it back.
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Well that applies to pretty much every state in the EU. No reason to single the Greeks out in this regard, purely a matter of scale.
If governments were serious about paying debts back they wouldn't have been increasing them during the 'boom' part of the economic cycle.