COMMENT

Righting a wrong

The crisis in Greece has claimed a lot of victims, but one of the biggest wrongs has been committed against Greek citizens who put their trust in the state and their money in its bonds. In many cases these are people who invested the entire lump sum they received when they retired, money saved up over years of toiling to make a living.

Of course, it is not easy to find a solution for them to make up for what money they may have lost in the haircut on Greek debt, but the political system should at least try to come up with a way to correct this injustice.

At the end of the day, it is the political system that is mostly to blame for the derailment of the Greek economy, which in turn led to the complete devaluation of state-issued bonds, paid for by the efforts of people who placed their trust in the honesty and reliability of the Greek state, people who believed that they would see returns on their investment instead of financial ruination.

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