Originally
posted by
trumper:
If Italy and Spain weren't in a precarious position due to Greece then I think the EU would have just booted Greece. I mean how do you justify to hard-working Germans who are notorious for saving/investing/etc that they should subsidize another country's population that lived well, well, well beyond it's means.
If it were not for the poor southern European countries obligated to purchase more expensive products from within the community, Germans would have nothing to save.
The northern European countries made extremely poor business judgments by lending money to the very corrupt and incompetent Greek political elite. The responsibility does not lie on the backs of the Greek people. The austerity measures would certainly ensure that Greece would not recover anytime soon.
Unlike some foolish North American Country, the Greeks have the courage to stand-up for themselves, and refuse to blindly chase the carrot!
