Thread: Greece
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Old 02-22-2012, 07:38 AM   #6
riplipper
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Join Date: Mar 2003
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Re: Greece

Quote:
Originally Posted by jackpine savage View Post
The problems were Greeces own doing. The governments that borrowed the money enjoyed wide popular support and the Greek people enjoyed the various government benefits while at the same time willingly not paying their fair share in taxes to pay for these benefits. The current deal that was just agreed upon will wipe out a fair share of the bond holders investments. Greece is going to default its simply a matter of when. The Greek political system has been dysfunctional for years making financial promises to the electorate that they could never fulfill and the voters approved of it. .
And you dont think we are on this exact path
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