Greece has made headlines lately because of the turmoil it has caused in international markets. The reason, to those of you not involved in the financial markets, may seem obscure. How can this tiny economy have an impact. The answer on a practical level is simple. Greece writes bonds ( like loans) that have brought tremandous amounts of cash into Greece. The money from those loans needs to be repaid by Greece. Some of the bonds are guaranteed by the EU and other governments. Greece has defaulted, they cannot pay back the loans.
Why? Well, Greece is for all intensive purposes an example of Liberal (Left Wing) thinking. They gave welfare out to the masses, they spent money from the bonds (loans) on frivolous liberal and social programs that created no value to the Greek economy. Most of the people in the country are on welfare, to the point that few have worked or ever intend to work again. It is where the US is heading. So how do you tell a people that have grown fat and happy in sloth and government handouts that they now HAVE TO GO BACK TO WORK? You can't.
The Greek government, over the past few years, has refused to do anything significant to change the situation. They continued to spend as liberals do. They had no intention of changing policies. The Greek government knows that they rely on the welfare recipient's support to be elected. They will not create the policies that force people to work for their handouts. Who bears the burden? Well, the EU and anyone who gave them the money in the first place.
Greece will default. It will mean lost revenue for the rest of the EU and the US. All because the Greek people are used to their handouts. Socialism. It doesn't work. Do you see the parallels with the US? We have a government that has learned that the quickest way to become elected is to hand out money to people who are dependent on that money. Those voters never go away because they are dependent on the government. They dont wor
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Most Helpful Guy
Listen, I am Greek and I feel hugely offended by your question. I read the first two paragraphs and then quit because I got so angry. You couldn't possibly be more misinformed (or ignorant). You just believe the whole crap the economy-friendly media tells you. The disaster in Greece was brought about by the BANKS. German and English and French banks ruined Greece. Greece should have never ever joined the EU or even contacted these banks. And now the Germans are pissed at the Greek people for taking all their tax money when really, the Greek people don't get one single cent of that money, it is all immediately transferred to these fucking banks. The IMF is led by the US and is trying to bleed out countries who are brave enough to swim against the current and create a new, social and progressive economic system. The is the IMF is the American arm of imperialist capitalism stretching over the Atlantic to Europe and I'm so freaking sick of it. I wish America could just quit interfering with sovereign countries. If you love your ronald reagan or thatcher type of capitalism so much, fair enough. Choke on it, cuz that's what the US is already doing. The US is one of the most socially unequal countries in the world. The richest 1% in literally shitting on the heads of the rest of the country. If you want that, go ahead. But don't talk about dirty liberals in Europe . Just do your own thing and stop preaching your system to the rest of the world. We don't want it. You speak of useless liberal programs. I'm gonna tell you this: My relatives in Greece had a good life until this bank crisis struck. Do you wanna know how they are living now? My aunt and uncle work very hard every single day and yet they don't even have enough money to buy food for the day or new clothes for their children. My dad has to send them money from Switzerland as though they'd be Somalians or Iraqis. The capitalist system that you are in love with has completely fucked up my country. And now that Tsirpas is trying something very new, now that is brave enough to go against the IMF and trying to create a democratic socialism type of system similarly to Roosevelt in the 1930s, all these fucking money-hungry assholes in Germany and England and the US are getting scared. But I'm gonna tell you something: the fight is on. We already have a lefty government now and Spain will follow soon. Maybe Portugal too. We're sick of being ruled by the IMF, the US and Germany and their money.2
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