About The Greek Debt Crisis - What Are The Causes Of This Financial Debacle? Is There A Solution?
How did the Greek government-debt crisis happen? Had there been no indication of the issue getting blown to gigantic proportions? Could this "Greek Depression" not have been nipped in the bud? Right now is there a way out for the Greeks? How come such financial crises are not predictable until an explosion is imminent?
What almost anyone seems to forget is that the Greek paid their bill (the risks) already when they stepped into the Eurozone. The exchange rates of Drachma to Euro was ten times as bad as for example the Dutch Gilder of the German Mark.
What the European Unions wants Greece to do now is paying the bill the second time, and that is not correct.
This is what the discussion should be about - about the greediness of the bankers.
The Eurozone should simply help Greece without asking paybacks.
The problem are the banks which are ruling the country (and other countries). 92% of the money Greece received went directly to the banks.
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by Thomas Byers5 years ago
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by sannyasinman7 years ago
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by Holle Abee7 years ago
WHY are we helping to bail out Greece when we're broke? I mean, I feel sorry for the Greek citizens, but can we really afford this right now?
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