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Originally posted by jennybee35
reply to post by Imogene72
I just wonder, when (if?) it comes America's turn for this kind of upheaval and distress, will the real reports be censored in other nations like our news is censored for us here?
Originally posted by LittleBlackEagle
Originally posted by jennybee35
reply to post by Imogene72
I just wonder, when (if?) it comes America's turn for this kind of upheaval and distress, will the real reports be censored in other nations like our news is censored for us here?
that's the first thing i thought when i read this. take a good hard look America because this will be coming to our home soon.
Originally posted by catwhoknowsplusone
reply to post by Imogene72
Hi Imo, That is disgusting news about Greece.
But I have to say that the downfall of Greece came about because of their 'no worries' philosophy.
Here is a fact - my son's father is Greek - and he said that whenever his credit card ran out, he just went to a friend's bank and got another one. Several times.
So, the banks are to blame.
Originally posted by Imogene72
I think you are mistaken. Greece is not in debt because of the loans each Greek took from banks, it is in debt because of the loans Greek Governments took in order to help our country develop.
Originally posted by Imogene72
Greek Governments unfortunately decided to split the money in question between them and give nothing to the whole country.
Originally posted by Imogene72
But, since they gave nothing to the country, no development was made, therefore there were no money made, so the loans couldn't be paid off.
Originally posted by Imogene72
Then the governments decided to get even more loans, in order to feed themselves some more and to pay back a part of previous loans, and then again they took newer and newer loans. That's why Greece is in debt, not because Greek people didn't know when to stop.
Originally posted by Imogene72
As for the banks, as I stated in a comment above, it was their money to begin with. If the money was important to them, they should have checked who they were giving it to and if they could pay them back. But they didn't do it, the banks purposefully closed their eyes, because it was profitable for them at the moment. They earned millions. Too bad they did not think what the consequences might be in the long run. We are not going to accept their responsibility.
Originally posted by jennybee35
reply to post by Imogene72
I just wonder, when (if?) it comes America's turn for this kind of upheaval and distress, will the real reports be censored in other nations like our news is censored for us here?