Monday, June 20, 2011

No Loans For Greece Yet, Eurozone Delays Decision On Vital Loans


And, they are right to do so. Like it or not, the Greek people will have to accept the austerity that is necessary, otherwise they will default as a state. Since it is a succession of politician­s that made the promise of state support for state workers and social programs, perhaps a ceremonial lynching could accompany the signing of new loan guarantees­, subsides and a balanced budget.

Greece is only the first of the EU's Socialist states that is facing the music; others are sure to follow.

If the U.S. was smart, they would force the resolution of their financial sector to provide support for the many, many opportunit­ies that will arise from this mess. But, that means American politician­s also becoming realistic.

Oh well.

Class, can we say, "Good luck with that!"
Read the Article at HuffingtonPost

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