Teachers and Students > Debates

the rich should live simply, so that the poor can simply live?

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astarmathsandphysics:
Many banks in the west got too big frankly. Many of them had loan books and liabilitiesthat were bigger than their countries entire output.

~cornelia~:

--- Quote from: astarmathsandphysics on September 28, 2011, 11:44:32 pm ---Many banks in the west got too big frankly. Many of them had loan books and liabilitiesthat were bigger than their countries entire output.

--- End quote ---
wouldn't that be problematic for the country?
how have the survived on loss so far?

astarmathsandphysics:
big problem for many coutries- Iceland and Irland.
Not for Greece though. They are just liars and lazy and don't want to waork.

~cornelia~:
i heard greece was thriving well,

and Relative to the size of its economy, Iceland’s banking collapse is the largest suffered by any country in economic history.

astarmathsandphysics:
But Iceland is not bankrupt like Greece.
The Greeks are just lazy, who lied to the world about how much they were borrowing so they could borrow more.

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