The problem with Greece is Greece. Nearly 80 years of bad governing, bad debts, a bloated government (55% of folks receive benefits or work for the Greek government), and poor decision making has finally come down to a crucial vote.
Hi Ordinary ..doesn't it make you wonder why these Banks kept lending Greece money ( along with other various financial tricks ) SURELY they KNOW what you KNOW .. . so why did they keep this lending going ? .. . there must have BEEN something in it for them ? ... no ?
A vote, mind you, that will make little difference in the grand scheme of things. It will take at least a generation before any meaningful change will occur.
well then, they need to default .. they could ? with some savvy people helping them .. . Sadly I don't see that person .. BUT ..we do have the records of Argentina ...Ecuador ... and more recently Iceland .. and What we learned is that at the very first .. . These countries suffer greatly .. BUT within a short time ..THREE years .. not more .. . .they begin to see progress and are much better off then paying off the debts for the bank loans that perhaps should have NEVER been made .. . I do think these banks are for sure PREDATORY lenders .. . we know they know better than to make loans to HIGH RISK any place etc.. . Why is they keep doing it ? .......over and over again. Country falling apart ? .. for a time that seems a good thing ! .....until the bill comes due ...but they (banks goldman sachs .. etc..) knew that .......and did it anyway .. So I'm not placing the blame on ordinary Greek people ........did have corrupt leaders making corrupt deals which only enriched their pockets And their friends pockets ... ...We forget that the average Greek people did NOT even find out about how HUGE the debt was until the most current guy won the election ... . .Repeat! I'd be sorely tempted to default .. GET OFF the EURO ...and get my sovereignty back devalue the currency .. and start over again as many other countries have ...
they are saying the vote will go through tomorrow ...but that's just the beginning ... Argentina tried that also .. and all they ended up doing was hurting the people so much so that the bastards had to leave on a Helicopter from a rooftop.. .. ;) love it! and they have done much much better ever since .. . not without some pain .. but a whole lot better than trying to do the right thing ....
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