The dire financial situation in Greece is much in view these days.... on all the financial networks, the news networks. It should be on the comedy network. Never have I seen so much obfuscating - which is polite speak for b.s. masquerading as rhetoric - over a simple matter: the Greek govenment can't/won't pay its bills. That's it plain and simple. It has debts it can't pay. And because it can't pay, it wants another loan. What is wrong with this picture?
Why is the tail wagging the dog??? The tail being Greece, the dog being the EU, and any other entity involved in this fiasco. Let's cut to the chase: the Greek govenment can't/won't pay its bills. Bad economic policies in Greece - let's call it stupid spending - have been in force for years. Why would anyone throw good money after bad? Why would anyone believe that there's any possibility for repayment now or in the future? On previous loans or any future bailouts. The Greek's deadbeat track record speaks for itself.
Ancient Greek drama introduced a wonderful device, deus ex machina: "An unexpected power or event saving a seemingly hopeless situation, especially as a contrived plot device in a play or novel."
If ever the Greeks needed a deus ex machina, it's now. Instead, all they have is a begging bowl.
If bailing out Greece again is the price of saving the EU and the Euro, it may not be worth saving.
Penny Pincher
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