> How would you like it if you lent someone money, and they purposely defaulted, with the intent of not paying you back?
By not lending this person any money in the future... A default has very harsh consequences and is not pleasant at all, but it is a normal process in capitalism. It happens all the time, everywhere. This is why banks make risk assessments (normally).
> It is not okay to not pay one's debts. That's German citizens' money.
No its not. Its german banks money, they made the wrong decision in lending money to an untrustful debtor. German tay payers money only came into play when the state worked out the 'rescue packages' for greece. These 'rescue packages' were only meant for the greece government to pay back the banks. About 90% of the money given to greece goes directly into the debt-payback. So if anything german tax payers are financing the flawd descision making process of 'Deutsche Bank' and others.
And about the level of corruption in greece. Yes it exists, and is systemic. But so are the shady deals of Bilfinger Berger, the whole Berlin Airport-farce, the quicksand investments of the Landesbanken and virtually every public building project conducted in germany.
By not lending this person any money in the future... A default has very harsh consequences and is not pleasant at all, but it is a normal process in capitalism. It happens all the time, everywhere. This is why banks make risk assessments (normally).
> It is not okay to not pay one's debts. That's German citizens' money.
No its not. Its german banks money, they made the wrong decision in lending money to an untrustful debtor. German tay payers money only came into play when the state worked out the 'rescue packages' for greece. These 'rescue packages' were only meant for the greece government to pay back the banks. About 90% of the money given to greece goes directly into the debt-payback. So if anything german tax payers are financing the flawd descision making process of 'Deutsche Bank' and others.
And about the level of corruption in greece. Yes it exists, and is systemic. But so are the shady deals of Bilfinger Berger, the whole Berlin Airport-farce, the quicksand investments of the Landesbanken and virtually every public building project conducted in germany.