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In reply to the discussion: Greek Prime Minister Warns of Societal Collapse Like Weimar Germany; Citizens Storm Defense Ministry [View all]dipsydoodle
(42,239 posts)4. Yes it should.
They only got into the Euro by deceit and misrepresentation. It was doing so which gave them the ability to attract loans and issue bonds at relatively low rates. Subsequent poor management of meeting their financial obligations led to this mess - using further loans to payback earlier debt.
Some of the debt they can walk away from but not that which is now secured against state owned assets.
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Greek Prime Minister Warns of Societal Collapse Like Weimar Germany; Citizens Storm Defense Ministry [View all]
HiPointDem
Oct 2012
OP
They should have left long ago, all of these countries should have run like crazy
sabrina 1
Oct 2012
#17
Oddly Greeks are the most supportive of the Euro. What's a Greek politician to do?
pampango
Oct 2012
#20
The ones who suffer are the people because the greed of politicans and bankers.
southernyankeebelle
Oct 2012
#3
You don't think there will be another war in europe? I hope your right as I have relatives who live
southernyankeebelle
Oct 2012
#8
how do you figure? he's been leader of the opposition 2009-2012, was finance minister july 1989-
HiPointDem
Oct 2012
#12
he's been in power 4 months. for that reason, i wouldn't call him a *primary* perpetrator.
HiPointDem
Oct 2012
#16
sorry to split hairs; my disagreement is with the word *primary* which to me implies setting up
HiPointDem
Oct 2012
#46
Hmmm. Usually the big capitalists will use the threat of fascism..........
socialist_n_TN
Oct 2012
#11
They are the only country that is rebounding. The damage done was immense, no one expected
sabrina 1
Oct 2012
#44