Many people continue to view the Euro crisis as a morality play. I see it as economics. Look at the chart below. Greece (and Greeks) should never have been able to borrow at such low rates. The Germans (and Germany) should never have been loaning money at such low rates to Greece, and Greeks. Germany should not have been able to export so freely to Greece as their products should have been too costly. Greece (and Greeks) should never have been able to afford all that nifty stuff they bought from Germany, with money they borrowed from the Germans. I have a hard time seeing anyone here as good or bad. Misguided, stupid, overly optimistic or maybe even criminal, which maybe is kind of like bad, but no one comes out looking good. (Chart could be from any number of sites writing about the crisis. Cant remember, but may have come from Krugman or UBS.)
History repeats itself. Germany tried to bail out Greece 70 years ago, and that was a flop.
Maybe some day you can provide a link or reference to all these people who are doing and saying things you say they do. The other day you claimed Bloomberg was being compared to “Hitler, Mao and Stalin”. Today many people see the Euro as a morality play. Neither time do you offer any evidence to back up your claim. Similar to when Lance “The Educated One” claimed “most people, when they hear something different, don’t really gravitate toward it.” Which hasn’t been my observation at all. But, of course, it’s much easier to pull things out of the blue than verify them. I think that such statements are more a reflection of the speaker than the spoken.
That said, I agree with your point. It’s similar to the housing loan crisis here. loans made that shouldn’t have been.
Here is one from Dreher, who is quoting the Telegraph.
http://www.theamericanconservative.com/dreher/what-do-people-want-from-germany/
Steve