Why would any company or person loan money to Greece now?

It is clear Greece is a nation of dead-beats. Germany loans them money ( because they think they are forced to) but why would any company or person buy Greek debt?

Update:

The first two answers do not really address the issue. The Greeks are borrowing money from Germany and other countries but are unwilling to even balance their budget. Why does anyone loan money to them?

4 Answers

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  • 9 years ago
    Favorite Answer

    Germany had nothing to do with their flailing government. That is on them selves PERIOD !!!! and the Greeks....well...they have no class at all. PERIOD !!!! Germany bails the Greek Government out of bankruptcy. (Yes bails them out!!!!!) and then the citizens of that country have the audacity to chant "We will not pay you back !!" after they get their butts handed to them by Germany in the quarter finals at the EURO 2012. Wow real class act !!! Watch their Tourism go down !!! My sister and her family just came back just last week from Italy & Greece where her husband played water polo matches for the U.S. In My sisters own words she said out of the 4 countries they went to, the people in Turkey were the most pleasant. Out of all the countries they went to the people of Greece were not that pleasant and somewhat rude !!! Figures !!! So to all you greek fans & citizens you need to take some lessons in humility & politeness !!! You need it !!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

    FYI: Go bankrupt again please, because you know what??? No country in their right mind will come to your rescue again !!!! PERIOD !!!!!

  • 9 years ago

    Why would any bank loan money to america who is also trillions in debt and not paying it back and asking china for money to pay it back.... Germany is not paying greece.... Germany has bought off everything in greece and that has becoem very lucrative for them.... Thats what the european union was all about..... A way for germany to own europe and they succeeded.... Vefore the E.U. Germany's economy stunk..... Now they own spanish public property as well ialy's and greece

    Its like WWII but economically amd the poor mediterraneans are suffering because of german's disgusting greed... Dont worry...america and the whole western world will end up where greece is now and its already happening.... So get off your ignorance hat and go read a book

  • 9 years ago

    I do not know that they are a nation of deadbeats. What I do know is that every country has their own way of living and that theirs was to not work long hours like other countries, that they had longer vacation time than we do and to retire early and apparently they had a system that would pay them well at one time and now it's caught up with them. I don't know if it was just a flawed plan or if there was corruption within the system or what but these things do occur even with the best made plans.

    I don't know why any company or person would buy Greek debt, but I do know that companies try to help out each other because they depend on each other for survival. If you don't help another country then when your country is down there is no one who will help you either.

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    5 years ago

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