Greece and the Euro: Sideshow of a Main Show's Sideshow Note [View article]
The figures you show of GDP @ PPP suggest that Greece's economy is 1/6th of Germany's struck me as suspect, so I checked the CIA factbook, and it puts Greece's economy at 1/8th-1/9th of Germany's, which makes more sense.
The reality is that the on-going and expanding philosophy of endless bailouts at every level, countries, banks, industries, and individuals, is clearly unsustainable, because the bailees keep increasing as the world runs out of bailers. Sooner or later, something will give, and the longer this absurdity goes on, the greater the eventual implosion.
Germany should stand steadfast, let Greece collapse and be a lesson to the other irresponsible whiners, PIGS and others, waiting in line. Its time for responsibility to begin its slow and arduous return.
Greece and the Euro: Sideshow of a Main Show's Sideshow Note [View article]
www.cia.gov/library/pu...
The reality is that the on-going and expanding philosophy of endless bailouts at every level, countries, banks, industries, and individuals, is clearly unsustainable, because the bailees keep increasing as the world runs out of bailers. Sooner or later, something will give, and the longer this absurdity goes on, the greater the eventual implosion.
Germany should stand steadfast, let Greece collapse and be a lesson to the other irresponsible whiners, PIGS and others, waiting in line. Its time for responsibility to begin its slow and arduous return.