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by peteretep
4012 days ago
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> When banks lend money to a country this isn't charity.
> They get interest payments and in exchange risk not
> getting paid back at all if things go sour
... > The banks who lent to Greece got 90% of the bailout
> package. Not the people of Greece. So it's not true
> Greece received "several hundred billion in aid"
It's a shame that these two pieces of information aren't at the absolute top of every article, every piece of coverage about Greece.If Greece was a person, they'd have gone through bankruptcy and been discharged by now, and the banks who'd imprudently lent to them would have taken a haircut. |
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