[riri]

Didn't Iceland do the same?

I am not a fan of the Greek welfare way of life.

However, I am a large fan of anyone telling the bankers to "^&% off".

[11th Commandment]

Best way to stick it to bankers is not to borrow more than you can afford. It is not to take their money and not repay it.

[berdie]

As long as I don’t owe money to the bankers...I can do just that.

What’s that old saying about whoever you owe holds the power.

Of course I like the hubris. But I think it is
founded in ignorance and political manipulation.

Truthfully, I’ve never understood the EU mentality. It would be like me and a group of financially sound friends forming a union and inviting our not so financially sound friends to join. So they fake a financial statement. We are a happy bunch....until one of them becomes a total leech. So we say...hey we won’t carry your load anymore. But, lo and behold, they give us the middle finger and laugh. He knows he can ruin our previously excellent credit...if we don’t comply with his demands.

[familyop]

"Didn't Iceland do the same?"

Yes, but Icelanders are more oriented toward producing in technologies and the private sector. They're better off after shutting down the regulators, foreign banking interests and other associated government-linked businesses.

[catnipman]

“Didn’t Iceland do the same?”

No. The Icelandic banks failed, but the Icelandic government was solvent.

However, I am a large fan of anyone telling the bankers to “^&% off”.

Yeah, me too. I refused to pay my mortgage, my car loan and my credit cards. Funny thing though, I got evicted from my (former house), my car was repossessed, and I could no longer use any credit cards. BTW, can I come live with you and borrow your car?