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.
by Dave McClure 9 years ago
Greek Prime Minister George Papandreou has decided that the Greek people should be asked whether or not to accept the rescue package negotiated by the Eurozone leaders. The 'rescue' package, of course, came with strings attached: further austerity measures for a people already suffering. And...
by Thomas Byers 8 years ago
No we didn't fall off the cliff but the Debt Ceiling Crisis is still looming out there and will have to be dealt with sooner rather than later. I'll bet you this is waking up many politicians including the President in the middle of the night. What do you think?Who do you blame for the Debt Ceiling...
by Gary Anderson 12 years ago
The consumer is the catalyst of our economy. The consumer is tapped out by bad loans, too much credit, by a greedy banking system that wanted profits before responsibility. Option arm loans, credit card loans, and other debt will put a dangerous strain upon the economy through 2011 at least. Even...
by Holle Abee 11 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?
by RighterOne 8 years ago
How do you expect the Fiscal Crisis of the Euro to end?And do you think that the US and China are doomed to follow the same fate?
by sannyasinman 11 years ago
Apparently, all of the billions of Euros just transferred to Greece to ease its "crisis" will go directly to the banksters to cover outstanding interest payments, and will do nothing whatsoever for the country or its people. The situation is clearly unsustainable, and there are other...
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