Greece wanted to join the EU.
They lied about their finances to get in.
Once they got in, they borrowed as much money as they possibly could and continued to fake their books.
Corrupt Greek politicians and criminal Greek citizens took all of that money then refused to pay it back.
Then, instead of balancing their budget and being responsible grownups, they burned down a bank with a pregnant woman inside and whined and complained that they are the "victims" of the people whom they lied to and stole from.
This is supposedly a conservative website.
Posters here should theoretically support balanced budgets, personal accountability, paying back what you borrow, and telling the truth.
Syriza is a neocommunist organization that opposes all of the above, and you are their shill, Nextrush.
Going way out on a limb here, Greece is simply going to have to leave the Euro, unless the Germans decide that they’re willing to continue to send “loans” south that will simply never be repaid.
The net result of a GRexit of the Euro probably won’t be world-shaking, and could even restore some confidence in the currency in world markets. At the very least, it would be a strong signal from the hard-money North (which for all intents and purposes is Germany) that they are not going to follow the traditionally soft-money countries (France, they’re looking at you) down the drain.
So far, the rest of Europe seems willing to let Greece follow the path they started down, which looks like a return to the Drachma, but some mechanism to keep them in the EU.
In general, I agree. However, bankruptcy & failure go hand in hand with success WHEN people are free to take risks. There is a reason that indentured servitude and debtors prisons are not part of the American fabric.
In my opinion, nothing is too big to fail. Let Greece fail and let the world see again why Socialism is a failed ideology. Let Germany and the EU recognize this reality.
As an aside, I would suggest that the answer to growing student loan debts is NOT as the EU prescribes for Greece and the U.S. Government mandates for Americans. The problem with education costs will never be resolved by NOT letting the corrupt and bloated education system fail. Rather, letting those with student loans that can not find work or will not work or are unable to compete against cheap foreign labor who also were educated here -allow them to discharge the debt via bankruptcy. This student loan sacred cow is killing what was once a free market education system AND creating a generation of indentured servants beholden to the Government who are in reality serfs and free in name only...