Comment Re:"Slow and calculated torture?" (Score 1) 743
Maybe Greeks are different but in Germany, if you borrow money, you are fully expected to pay it back. As soon as possible. Greece can make as much racket as it likes, but the Germans still want their money back. And frankly, I agree. If Greece is not willing to pay back what they take, that's theft, and they can go without aid for all I care. Especially when the borrowed money doesn't actually go to fixing its major economic issues.
That is a fairly naive viewpoint. No business approaches loans in this way. A loan is a contract, with terms that apply in the event of default, and terms governing repayment. Defaulting on a loan has consequences, but most businesses do not view it as a moral issue. If it ever becomes advantageous to default on a loan, they will do so. If it is advantageous to take measures to hinder attempts at collection, they will do this as well. As far as they're concerned, it isn't theft - it is just the terms of the agreement the lender agreed to. Most nations have bankruptcy laws, and sovereign nations have, well, sovereignty. Lenders who agree to make loans do so with full knowledge of these laws.
So, if a person declares bankruptcy I do not believe they are committing theft - the lender understood the bankruptcy laws when they freely made the loan, and they did so at an interest rate that they considered profitable even in light of this risk. Likewise, when a bank lends to a sovereign nation, they do so knowing that they have very little recourse if the nation chooses to default on the loan.
To the extent that anybody was forced to loan money against their will, they might be able to claim that whoever forced them to lend money was a thief.