Greece to go bankrupt? Yea, that played a big part in it. But ultimately Greece is bankrupt because they are corrupt and didn't cut their spending. I mean they were suppose to, but didn't. So I have no clue why all the Euros always blame it on the global financial crisis. Other countries managed not to go bankrupt, but they kept on partying over there like it was Disneyland.
The politicians there were telling their people years ago that other countries are not responsible for another country's debt and that they won't bail them out. That was pretty much what they agreed on. So how come now they are bailing them out if they were saying before that they wouldn't? I mean ultimately the richer countries give their people's money away to Greece. Who knows if other countries follow.
So why didn't they just kick them out? That would have been the easiest and cheapest way to get rid of the problem. If you are not consequential, it creates a moral hazard. And that is exactly what happened here. I really don't think they should pay and am surprised how uneducated Europeans are. They always act so smart on this forum, but meanwhile their governments are giving their money away.
The politicians there were telling their people years ago that other countries are not responsible for another country's debt and that they won't bail them out. That was pretty much what they agreed on. So how come now they are bailing them out if they were saying before that they wouldn't? I mean ultimately the richer countries give their people's money away to Greece. Who knows if other countries follow.
So why didn't they just kick them out? That would have been the easiest and cheapest way to get rid of the problem. If you are not consequential, it creates a moral hazard. And that is exactly what happened here. I really don't think they should pay and am surprised how uneducated Europeans are. They always act so smart on this forum, but meanwhile their governments are giving their money away.