Quote:
Originally Posted by Ignitionnet
Well, it needs a helping hand rather than being loaded with debt to pay off Eurozone banks who lent it money in the past so that they don't have to suffer the consequences of the bad loans they made.
The Greek bailouts have been nothing of the sort. They have been Greek creditor bailouts. A small fraction of the money has actually gone to Greece.
Moral hazard for the banks completely gone. They can lend however they like knowing the taxpayer will pick up the tab, so they can continue to act like asshats, pay themselves huge bonuses based on the dodgy loans, and pass the bill when it goes bad to taxpayers. A great deal indeed.
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Economics are beyond me. I was thinking more of a gift with no strings attached. We are not in the eurozone but we could lead and influence others by re-routing our current foreign aid to Greece. There has to be something different to break this deadlock without breaking Greece imo.