Thursday, May 6, 2010

The Greeks Have No One to Blame but Themselves

Yesterday, Greek protesters threw petro-bombs into a bank that was open for business and full of patrons. The protesters were decrying the austerity package the Greek government was going to approve and lead to slashing the public service, cutting the government budget, and hiking taxes. The Greeks have no choice here, the country is broke and on the verge of defaulting on its debt. This would drag the Euro down and likely topple the other debt-ridden countries, the aptly-named PIGS (Portugal, Italy, Greece and Spain) and plunge the continent and perhaps the world back into recession and crisis. Those protesters, you know, the ones who have lived on a diet of milk and honey without worrying about the bill, they killed 3 people. The people trying to go about their daily lives, had to flee the bank as it burst into flames. Three souls couldn't get out the front and tried to make it to the roof. They were overcome by the smoke and flames.

For years, the people of Greece have demanded governments spend and spend and governments obliged. The Greek people now must pay the price for their unsustainable lifestyle. Greece is a country where more than a quarter of the economy occurs under-the-table, hidden from taxation; where the majority of people evade their taxes; where public service wages have risen an average of 30% since 2006; where people get bonuses for showing up to work on time; and where a socialist government has imposed huge taxes, spent wildly and stagnated growth. Sorry Zorba, but you have no one to blame but yourself.

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