Posts tagged "banking"

Debt and moral obligations

Those lazy Greeks. They should pay their debts! If you take a loan you are obliged to pay it back. But are you? Let’s assume that it is true, if you lend something then you should return it someday. But there is a big difference between returning a loan and paying also the interest on that loan. Are you obliged to pay also the interest? And how much of the interest should you pay?

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