Quote:
Originally Posted by Ignitionnet
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.
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Exactly, you're saying that it
should go to the Greeks instead. Where else were you saying it should go?
---------- Post added at 22:41 ---------- Previous post was at 22:37 ----------
Quote:
Originally Posted by Ignitionnet
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 ----------
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.
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Somebody forgot to tell that to Blair and Brown.
Even if Greece hadn't taken out all of the loans to fund the Socialist polices, they could never pay back even limited borrowing in their 'good times', because their 'good times' are not that special.