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The Cradle of Western Civilization?

Admit it. As sick as it sounds, you feel a certain admiration for the Greeks: living for today, with no concern for tomorrow; throwing a big party with borrowed money; lying to the European Union (oh boo-hoo); and being guilt-free about it all. Ahh dear, that is the difference between a Mediterranean and an up-tight Northern European.

Strictly speaking, the creditor who lends money to an unfit debtor deserves more condemnation than the debtor, who just wants to have a good time. And the creditors are big banks in up-tight Germany.

What's the worst that can happen? If Greece defaults, it will still survive -- ask Argentina. For a few years the big banks of Germany won't lend them any new party-money. But they will, eventually. Then the festival can start all over again.

Comments

Anonymous said…
I think all government employees state, frederal & local live like the Greeks , as they know there is an unlimited supply of tax payers willing to support their party well into their retirement years !!!