Quote:
Originally Posted by TheDoc
Greece is only as bad as the media is making them look.... debt/income/spending ,etc ratio wise, MANY Euro Countries and even America are FAR worse off.
They've gone through massive deregulation, selling off public assets to corps, large increases in the cost of living with very little increase in wages, they have cut the taxes for the super wealthy in various ways and increased taxes that hit the poorest the hardest and they plan on doing more....
All of which and more, help create the problem they're facing today - and is basically the same message the Republicans and Tea Party folks have in store for America.
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ONe of the major differences is that the Other EU nations and the US can make money from other things. Selling Grains Products produced and tech that can be sold. Greece really does not have that.
And like Xanadu mentioned, the greed/corruption is out of hand. He mentioned its similar to the South American countries..