"Still, I don't really think Germany can be blamed. Unless you think of
the "weaker" countries as children who can't take responsibility for
themselves."
Well, you can't directly blame Germany, that's right.
But someone had to lend all that money, and I don't believe, that no one
could see the real financial situation in these countries.
So, what did the banks wrong, and why nobody looked after the banks?
The banks are very well looked after, billions after billions of tax payer money are used to bail them out of their problems. I think for the banks just lending as much as they can makes perfect sense. They have no risk in this modern age.
Well, you can't directly blame Germany, that's right.
But someone had to lend all that money, and I don't believe, that no one could see the real financial situation in these countries.
So, what did the banks wrong, and why nobody looked after the banks?