General Discussion
In reply to the discussion: Joseph Stiglitz to Greece’s Creditors: Abandon Austerity Or Face Global Fallout [View all]fasttense
(17,301 posts)Taking over the banks would allow the country to make all that money the bankster make by lending money.
There are a lot of things a country can do to right an economic problem. I bet Russia and China would be willing to help Greece. Then if you tax the rich equal to what you tax the middle class and poor, add some tariffs and your on your way to a stable economy. It would be better because they would end with a stable system. Unlike today, if they do as they are told by the EU, they end up dependent on the EU, with a system that fraud and corruption can crash again, a Great Depression and No relief in sight for the desperate masses of people.
I would add that Greece would have to put in a system whereby corrupt banksters and politicians can NOT make the country responsible for fraudulent loans again.