Wealth based on loans is not wealth
by Renaldas
Negaliu susilaikyti, man labai patiko ši Estijos Prezidento citata, perspausdinta The Financial Times:
“The poorer countries that are fiscally responsible end up paying out richer countries that are not. This would be even ok except for the occasional arrogance and haughtiness of the rich countries towards us poor east Europeans. You can’t be haughty towards us because we’re not so rich, and at the same time [argue] it’s time to bail them out. Ultimately, let’s face it: Being richer wasn’t based on being more productive. It was based on bigger loans. Wealth based on loans is not wealth.”
Toomas Hendrik Ilves
