LostKiwi
Senior Member
- Joined
- Aug 25, 2006
- Messages
- 31,363
- Reaction score
- 21,631
- Location
- Midlands / Charente-Maritime
- Your Mercedes
- '93 500SL-32, '01 W210 Estate E240 (RIP), 02 R230 SL500, 04 Smart Roadster Coupe, 11 R350CDi
By the time Greece made its duplicity known it was already deep in the brown stuff.
The EU had no choice but to bail it out. The only other choice was to let Greece go bankrupt.
As for austerity if we use the metaphor from earlier.... If I went to my bank manager and said "I'm broke - please lend me another £10 grand", then presuming he said yes I am sure he would want to be sure I was changing my spending habits to be able to pay it back and at the very least I would expect a serious talking to about cutting my costs to fit my income.
The EU had no choice but to bail it out. The only other choice was to let Greece go bankrupt.
As for austerity if we use the metaphor from earlier.... If I went to my bank manager and said "I'm broke - please lend me another £10 grand", then presuming he said yes I am sure he would want to be sure I was changing my spending habits to be able to pay it back and at the very least I would expect a serious talking to about cutting my costs to fit my income.