Then there should never have been a single currency. This is a case of wanting to eat their cake and have it too.
>While I am quite willing to lambast the banks in the states for the mess they got into
Doesn't sound so much like you are, actually. Where is all the hate for Commerzbank for lending money to Greece and then shifting all the losses on to the German government?
>I am not so willing to do so with regards to their lending to Greece. Someone would have stepped forward regardless because state actors are supposed to function properly with fiscal restraint when its apparent their economy cannot sustain their spending.
Everybody is supposed to act with restraint when it becomes apparent that they cannot finance spending.
Nonetheless the Greek government that got Greece into this mess is long gone (and I don't hear you calling for their members to be imprisoned on charges of fraud and negligence).
>Basically the businesses and people of Greece are paying a tax load so high that profit and therefor growth is nearly impossible.
Businesses didn't get that bad a deal out of austerity. They got to cut their wage bill in half and their tax bill still hasn't really budged. So they're the first people you feel sorry for?
Then there should never have been a single currency. This is a case of wanting to eat their cake and have it too.
>While I am quite willing to lambast the banks in the states for the mess they got into
Doesn't sound so much like you are, actually. Where is all the hate for Commerzbank for lending money to Greece and then shifting all the losses on to the German government?
>I am not so willing to do so with regards to their lending to Greece. Someone would have stepped forward regardless because state actors are supposed to function properly with fiscal restraint when its apparent their economy cannot sustain their spending.
Everybody is supposed to act with restraint when it becomes apparent that they cannot finance spending.
Nonetheless the Greek government that got Greece into this mess is long gone (and I don't hear you calling for their members to be imprisoned on charges of fraud and negligence).
>Basically the businesses and people of Greece are paying a tax load so high that profit and therefor growth is nearly impossible.
Businesses didn't get that bad a deal out of austerity. They got to cut their wage bill in half and their tax bill still hasn't really budged. So they're the first people you feel sorry for?