Tuesday, November 13, 2012

Greece: Same Shift, Different Day

Greece's legislative move toward even greater austerity (with the burden falling on the Greek people, e.g., cuts to pensions and public sector wages) has enabled it to receive further financial aid. A Greek government campaign against tax dodgers, especially those people who have moved money overseas recently, has been launched, in hopes of quieting understandable public unrest provoked by the austerity moves. And the Eurozone finance ministers delayed a decision on releasing the latest 31.5bn euro tranche of bailout funds at least a week, while they decide if Greeks have suffered enough.

FDL's fatster did my homework for me, pointing me to all three of the aforementioned articles.

Seldom have I been so glad the US has its own currency and owes no major debts in any other currency. A glance at Greece will show you why I'm glad. I only wish no one had to suffer in this way, but as my late father used to say, "wish in one hand, spit in the other; see which one fills up fastest."

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