The Greeks votedno to the European Union's terms, despite warnings from the EU that rejecting new austerity terms would set their country on a path out of the Eurozone. 62% voted "No" while 38% voted "Yes".
"I can't pay back my loans? Well that's the bank's problem, I will just walk away."
Nice attempt at analogy, but not quite accurate. Let's make a more accurate one:
Greeks: I can't pay back my loans, the economic crash (created by the banks) is killing me! TheMan: Hurry, take this money and pay them back. Bankers: Thanks for the fish! Greeks: Now what? TheMan: now you owe me more than you owed the banks before. From now on you cannot buy gas or feed your children. All your money is for paying me. Greeks: but how will I make a living? TheMan: that's your problem.
(Score: 0) by Anonymous Coward on Monday July 06 2015, @11:53PM
by Anonymous Coward
on Monday July 06 2015, @11:53PM (#205903)
That's a very concise - and honest - summary of the situation, as I understand it.
It's coming for other countries, too - New Zealand has a right wing government that stopped paying down its national debt, started privatising anything that wasn't nailed down, and increased the national debt by more than $80 billion. There's been no diversification of its economy while the government has been eroding worker rights and trumpeting about how marvelous it is being a low wage economy, right before blaming the low wage workers for not working hard enough. (Unpaid overtime is the order of the day for minimum wage workers.)
(Score: 4, Touché) by threedigits on Monday July 06 2015, @05:21PM
"I can't pay back my loans? Well that's the bank's problem, I will just walk away."
Nice attempt at analogy, but not quite accurate. Let's make a more accurate one:
Greeks: I can't pay back my loans, the economic crash (created by the banks) is killing me!
TheMan: Hurry, take this money and pay them back.
Bankers: Thanks for the fish!
Greeks: Now what?
TheMan: now you owe me more than you owed the banks before. From now on you cannot buy gas or feed your children. All your money is for paying me.
Greeks: but how will I make a living?
TheMan: that's your problem.
(Score: 0) by Anonymous Coward on Monday July 06 2015, @11:53PM
That's a very concise - and honest - summary of the situation, as I understand it.
It's coming for other countries, too - New Zealand has a right wing government that stopped paying down its national debt, started privatising anything that wasn't nailed down, and increased the national debt by more than $80 billion. There's been no diversification of its economy while the government has been eroding worker rights and trumpeting about how marvelous it is being a low wage economy, right before blaming the low wage workers for not working hard enough. (Unpaid overtime is the order of the day for minimum wage workers.)