Why don't the investors write down all the debt to PIIGS? Just solve the euro crisis in one go? Some believe the investors are too greedy. They mean we must let the public servants in PIIGS get their salaries. It is only money after all. Why are the investors so heartless?
Maybe we must separate the money dealers (popular: "the investors") from the money owners, which mostly are us. We hire the money dealers to invest and manage our savings in funds.
When we say the investors are greedy, they correctly are greedy under our management and with our money. All my life I've been working hard, saving for retirement and for a rainy day. If I would be reluctant to loose my savings on a sovereign default forcing me to work until 70. Would that make me greedy?
0 comments:
Post a Comment