Foolish creditors are finding out why the Bible warns against being a surety for others’ debts. I have zero pity for the fools who continued to lend to a known deadbeat, knowing that Greece couldn’t possibly ever repay. And those same fraudsters got a big cut from each transaction. Screw them all!
The Bankers don’t want to just get paid.
They want to HUMILIATE Greece for daring to stand up against the unelected EU Bureaucrats, and send a clear message to anyone else thinking about taking a stand on the debts, namely Spain and Portugal.
They tried to do the same thing to Iceland, if you recall, but they went with the painful way, and kicked out the EU/IMF.
“I have zero pity for the fools who continued to lend to a known deadbeat, knowing that Greece couldnt possibly ever repay.”
Unfortunately, that would also include you, since you are a US Taxpayer and this international banking cabal to which we are a party, has been making a portion of the loans to Greece and the other PIIGS countries as I understand it. But you are right, this is a fool me once shame on you, fool me twice shame on me situation with Greece. They’ve been deadbeats for years and still the productive sector of the world gave them a line of credit that they didn’t deserve.
Actually, I think putting Greece into international bankruptcy is a good thing, because we will all get to see how the process is going to work when they get around to us.