The chart above says everything that we need to know. If you have any doubt in your mind that Greece will default, remember more debt is not a solution for debt.
Here is a very nice article from Spiegel Der. It clearly explains how the country has been ruined by three generations of ruling elite. Worth a read.
very accurate, but you forgot to mention that greece has 300 parliament members with a population of 11 million, about 34,000 citizens for one parliamentarian, whereas the US has 445 congressmen and 100 senators in a population of 315 million. Has anyone in Greece thought about it: such a waste of peoples money. It is a disgrace. Also the Greek president, a ceremonial position, receives a salary of 300,000 euros annually! Where has the Greek media been in the last 30 years? Receiving kickbacks from the governing elite. A vicious circle and a vicious people.
ReplyDeleteFully agree with you. We get what we deserve.
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