GreekIslandGirl wrote:It's NOT only Greeks that have to learn to live within their means. We've already seen how the Brits are virtually 300% bigger offenders in the debt stakes. So why only the Greeks, stud?
What we need are people being more tolerant of others and avoiding stereotyping when we are working towards a United Europe. And Greece is working harder towards that goal than MOST!
http://en.wikipedia.org/wiki/List_of_co ... ernal_debt
The interesting part of this measurement method is it's failure to compensate for countries with major financial centres..........
Hence the Uk which holds vast debts for Ireland ,Spain etc etc etc has its ratio blown out of all proportion
Look at wealthy but tiny Luxembourg
A more accurate measure of why Greece is in the toilet financially -
Here -
http://en.wikipedia.org/wiki/Government_debtAnd here -
http://en.wikipedia.org/wiki/Greek_gove ... ebt_crisisThis is, after all a crisis within the euro zone not a sterling or dollar crisis ( although both economies have issues too) ...... This is not a time for point scoring and trying to deflect the critical nature of the Greek problem by pointing fingers at the "Anglo Saxons or the bankers or the Germanic evil empire" ........ It achieves little and solves nothing.
The fact is - the Greek political classes royally screwed up by spoon feeding borrowed money to its political supporters and the heaving masses........ Who now don't want to actually earn there money anymore as the government always paid the bills. This is not solely a Greek problem ........ It's a Europe wide centrist neo socialist problem ..... And this "let's reject austerity" concept will merely transfer even larger debts to generations to come.
In this instance there's a good UK comparison ....... Labour proudly crowed how they had created 1 million jobs -
The operative word is created ..... They created 1 million ( predominantly ) public sector jobs ..... Oddly enough most of these people were inducted into unite/unison etc ...... Guess who those unions pay there dues to ?
Unfortunately this has actually bitten them in the arse ..... The unions flexed there muscles and voted in the "wrong milliband brother".
The UK has become a benefit culture capital with the common statement .... Why should I work when I get only £20 more than being on benefits.
It boils down to this - the capitalist system is broken , the socialist system can never work, the communist system is an enigma that may suit china but failed everywhere else, however, we ALL need to get on with it and pay the piper....... If we don't the debt cancer will simply grow larger in our children's time and, maybe, beyond