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TopicGermany General.
SchoolForAnts
12/17/18 7:15:50 PM
#435:


Post. # 3 - the issue gets worse

So you (Germany) have people who save save save money. PIIGS citizens spend spend spend.

German banks werent crazy about it, money in the bank is money not spent. Money in the bank is not producing interest income for the banks. These German citizens will take their fortunes to their graves!, German banks think.

The solution? Lend a shitload of money to the piigs countries!!! Now thanks to the EU, lending is safer! Lend away!

The PIIGS countries ger loans they cant pay for. You know they cant pay for them either, but that is not your problem! You are a superior, more disciplined, smarter people, its not your fault that they arent making wise financial decisions! So by all means, give them more rope so they sung themselves, if they do that pay you the EU will!

Coming up in the next post, austerity woes
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