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This is exactly like the arguments in the US to take money form the "lucky" and greedy successful and give it to the oppressed poor.
Obama would, too.
I am also an old Peter Sellers fan.
When my ex told me she hated Peter Sellers, everything else about that marriage slid down from there.
https://www.youtube.com/watch?v=Ue0fZ...
http://www.imdb.com/title/tt0053084/f...
He also played three in Dr. Strangelove--
http://www.imdb.com/title/tt0057012/
Meanwhile, the 'leaders' of the EU, afraid their 'bad idea gone worse', bureacratic, undemocratic 'union' might collapse, revealing their failure, will always raise taxes on their own people to pay for Greece's overindulgence.
Had Ms. Merckle any convictions, she would have said "Nicht mehr!" and let Greece go its own way.
Greece would be better off, and- eventually- seeing how useless their 'union' is, every other EU country would exit and be better off.
And indeed, in current law, if I make a loan to someone knowing he will probably default, then I have committed fraud.
The average Joe/Jane is crushed under economic collapse.
It's all "talking points" until the bank won't give you back your savings, the cash under your mattress turns to newsprint and bread can't be bought at any price.
And you're damn right - we might not be next but we're in line!