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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: bentway who wrote (214028)	1/7/2013 7:52:35 AM
From: Steve Lokness	Read Replies (1) \| Respond to of 541851

<<<< The creditors should just eat the Greek debt for loaning them the money in the first place>>>> Yes, I understand - and don't disagree. But that misses my point. If Greece doesn't pay their debt - what moron would continue to loan them money? So you see it isn't a "forced austerity" at all. It is simply a consequence of Greece borrowing more than they could ever reasonably pay back.