Sam Murphy said:Personally, I can't bring myself to feel sorry for anyone who took out millions in loans only to end up losing their house or apartment—even those folks with the Swiss franc mortgages who clearly didn't bother reading what they were signing... Back when I was looking at a 20-year mortgage and realized I’d be paying back an extra $100,000 just in interest on a $100,000 loan, I actually asked the banker if they were insane, though I ended up signing the papers anyway... Just because a large part of the population is financially illiterate, if not worse, doesn't excuse anything; the banks were simply making offers, and truth be told, I’d probably live way beyond my means too if I weren't more sensible... Let the Greeks sweat a little now; it was easy enough to just push them away, take the money for transport, and let the higher-ups deal with the mess they created...
Boldano, you have a point, but... from what I gather, decent business practice—and honestly, a legal obligation to some extent—is for banks to actually vet a client's ability to pay and suggest terms that won't ruin them. As far as I know, the banks were actively pushing loans onto people who were walking straight into a disaster. Not trying to defend them, obviously; people are definitely to blame when they get greedy...
Regarding Greece, you can't pin the entire nation's fate on the terrible decisions made by their political elites. How would we feel if we suddenly became some sort of crisis hotspot, and then Germans or Austrians held a massive summit about refugees right here in our backyard, while
nobody even bothers to ask or invite our representatives to the table? Is it because, in their eyes, we're just "that kind of people" and therefore deserve it? What kind of message does that send to other smaller, struggling nations in Europe???