I know how banks work. As do we all. I know I shouldn't borrow money I can't pay back and have a living standard I can't sustain. Are banks bastards? Yes of course. Does that excuse the people who decided that working hard and saving cash was for idiots? No.
I think you don't know how banks work, or you haven't listened to me.
I ask 100 euro to a bank, they assess my risk and give me... say... 10% interest. Ok.
If I ask for 100 euro -more-, before having repaid my first 100 euro, they won't ask me 10%, but 20% interest.
If I then ask 100 euro -more-, again without repaying the previous debts, they might decide to ask me 30% interest.
But at some point they won't lend me any more money.
Because they know I wouldn't be able to repay them, or it would be too risky. And they have to minimize risk.
Now, here you have banks who lent money at low rates, then lent more money at low rates, then lent even more money at the same low rate. Because Europe was guaranteeing for everything.
Except, when things crashed down, the banks were in dire difficulties, and so they asked Europe intervention. Europe had to save Greece to avoid a general collapse of the major lenders.
So you and me, we have paid for part of Greece's debts, with public money, because the real (ir)responsible that shouldn't have lent Greece money in the first place couldn't reapy all nor ending up busted.
Problem is, just as Greece hasn't changed their way so much, so don't those other lenders, and they will come back crying for other money from you and me.
THIS is why Europe is seriously in danger. Because the corrupts continued to receive money from the greedy.
The reason is that a) they're not as productive as other countries and b) decided to join a union where they have to compete with the top runners economy wise. Both A and B were choices, their own choices. I'm not going to pay for their bad choices.
I instist, this is too selfish, most of all speaking from a country who made part of its fortune by allowing huge, continental tax-evasion and making southern countries even less competitive that they already were.
Either we work together or we are doomed. And "together" doesn't mean "solely for my own goals".