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Strategies & Market Trends : Value Investing

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sjemmeri

To: 56Chevy who wrote (55542)	6/26/2015 4:32:51 PM
From: Jurgis Bekepuris	1 Recommendation Read Replies (1) of 78741

So you should be smart enough to understand that Greek situation is caused as much by German lenders as Greek consumers. And that the last two years has shifted the loan burden from the German banks who were one of the causes of the whole Greek debacle to EU taxpayers. If Greece defaulted two years ago, it would have hurt the people who were at fault. Now it's just hurting itself and EU in general. Is this the great capitalism when you shift the risky loans from the ones who made them to the taxpayers? And that austerity does not work. Why do you think there was no austerity in US? Or is this socialism for you too? And that IMF/ECB/etc. know very well that Greece cannot pay the debts they are piling onto it. The whole refi is just pushing the can down the road. Sure Greeks are at fault as well. I hate the corruption, fraud, shadow economy and milking of the state through fraudulent activities as much as you do. Anyway, read "The Economist". I pretty much agree with their stance. Of course, if it is too socialist for you then I'm afraid we won't see eye to eye. :) Take care

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