Hacker News new | ask | show | jobs
by wsc981 3997 days ago
I can't fault the Greek government for lending what the creditors (banks from Germany and France) were willing to provide. I think the creditors made a huge mistake in their greed and thinking it was a sound investment since the credit would be backed by strong countries in the Eurozone anyway. And I also think ik was a huge mistake to include Greece in the Eurozone, since at the time the problems with the Greek economy were already well known.

Now the Greeks have voted no, we finally have reached the moment we can right these wrongs. Greece should leave the Eurozone so they can achieve a better trade position. The Greek debts should be wroten off as losses to the creditors so the Greek economy can recover. And perhaps other weak countries in the Eurozone should follow suit, eventually.

It's morally wrong to keep the Greek people in endless debts that they'll never be able to repay anyways.