What’s lost in this subtext is the responsibility of the lender. Yes, nobody forced Greece to borrow 200 billion euros (or whatever the true total may be), but then nobody forced the lenders to extend the credit in the first place.
Guest Post: When Debt Is More Important Than People, The System Is Evil | ZeroHedge
Blow me, quite frankly. I buy this when we take advantage of some poor sucker with an ARM when they should have gotten a fixed rate. But Greece is a fucking Democratic sovereign run by economists and career politicians. Millions of people voted for those entitlements and the bureaucrats who funded them with obligations.
Blow me, Greece. You got a 50% haircut and you want my sympathy? Shut the fuck up. I want the Parthenon on my fucking lawn for this. Do you hear me? I want that son of a bitch on the National Mall until it comes off of the IMF balance sheet.
