GreecePwns wrote:About what exactly?Phatscotty wrote:Phatscotty was right yet again.
Cuts in government spending is the answer.
Greece should not have taken the bailouts. They should have made cuts, fixed whatever tax problems you had, for whatever reasons. Much in the way some states in America have done and are doing and trying to do the right thing (New Jersey, Wisconsin, Minnesota, Indiana) and in the way the people are rising against Obamacare, just saying IMO Greece has made the wrong choice at every turn, and every event is going to be larger and scarier than the previous panic. These flutters inbetween bailouts are just a slow motion blowing of the roof off the European Union and most if not all of their economies. Economic Cantagion will be a buzzword of the near future, as the crisis races from country to country. I think it's too late for Greece. Quantative Easing is coming on an unimaginable scale. If you recall the last words of Alexandros, I hope people understand what that means, because he was right.

Greeks should have stood up to the bankers and sobered up on their debt and their spending when they had the chance. Now, as some predicted in a thread I made last year that by this time all the Greek gold would be gone and thus all Greek financial sovereignty would be gone as well. I have made the point elsewhere that Iceland is a good example. I understand all the difference you are probably about to point out between the two, but it's the principle that I am talking about.
Debt is fire. Either you control it, or it consumes you. You can't ignore it and expect it not to engulf everything in sight. I have seen the Greeks take the easy way out over and over again. I respect those who have been fighting against the bailouts from the beginning, but all that I know now is they did not get the job done. They failed. I don't know what else to really say about it except that we should learn from what went wrong, because America's debt is over 100% of GDP as well....
If a nation expects to be ignorant and free in a state of civilization, it expects what never was and never will be.