I am not financial minded. But I do believe that in order to correct a problem, you have to look at what caused the problem in the first place. In the case of Greece the root of their problems come from socialism and liberal mindedness.
Look back at Greece's history after WWII, the military coup in 1967 (my father had a friend who was there with his daughter, one of my friends, when it happened. I've heard it talked about my entire life when I'd go to visit.)
Currently, the Panhellenic Socialist Movement, better known as PASOK, is the majority party in the Greek Parliament. Excessive spending and borrowing by the Greek government to pay for the excessive government programs has caused rioting on the streets by the public sector unions at the very mention of spending cuts.
Public sector pensions funds in Greece are in shambles. Like a mirror held up to the US's largest union, the SEIU, their pension and retirement plans are underfunded. That is the main reason the SEIU wants as many new members into their rank and file as they can get. They have worked their way into our healthcare with the hopes of adding 500,000 members through new government regulations on healthcare workers. Now they are working their way into our financial world. With Obama appointing two high-ranking members of SEIU to the National Labors Relations Board, the unions are on their way to card check. With hopes of getting illegal immigrants signed up for union wages, they will be well on their way to accomplishing thier mission. Sadly at the ruination of America and its journey down the road to being like Greece.
I think the lesson we in America need to take from Greece is to get off the road to government entitlements and misguided union control and corruption. Greece is being run by big government and socialism.
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