Little-Acorn
Gold Member
All those years of it people demanding free education, free medical care etc., while not approving taxes to pay for them, is now winding to its inevitable result: Greece doesn't have the money to pay its debts. And they can't make the next payment they promised long ago to make.
Liberals are blaming everything in sight, from the shakiness of the Euro to supposedly-heartless IMF lenders to greedy Wall Street. Everyone except themselves, of course. Everything except the real reasons: The Greek politicians spent endless amount to buy their people's votes, and now can't pay back the loans they took out to do it.
In case this sounds familiar to Americans, yes, the liberals (in both parties) have been doing exactly the same thing here for decades.
We may not be "next", but we're on the way.
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Greece will not pay IMF loan due on Tuesday government official - Yahoo News
Greece will not pay IMF loan due on Tuesday: government official
Reuters
1 hour ago
ATHENS (Reuters) - Greece will not pay a 1.6 billon euro loan installment due to the International Monetary Fund on Tuesday, a Greek government official confirmed on Monday, highlighting the depth of the financial crisis facing the country.
Ministers have said repeatedly that Greece would not have the funds to pay the IMF unless it reached a deal with creditors to unlock 7.2 billion euros in bailout funds frozen while the two sides wrestled over the conditions demanded of Athens.
After talks broke down at the weekend, triggering the imposition of capital controls on Greek banks, it became a virtual formality that the IMF's June 30 deadline would not be met.
Liberals are blaming everything in sight, from the shakiness of the Euro to supposedly-heartless IMF lenders to greedy Wall Street. Everyone except themselves, of course. Everything except the real reasons: The Greek politicians spent endless amount to buy their people's votes, and now can't pay back the loans they took out to do it.
In case this sounds familiar to Americans, yes, the liberals (in both parties) have been doing exactly the same thing here for decades.
We may not be "next", but we're on the way.
----------------------------------------------------------
Greece will not pay IMF loan due on Tuesday government official - Yahoo News
Greece will not pay IMF loan due on Tuesday: government official
Reuters
1 hour ago
ATHENS (Reuters) - Greece will not pay a 1.6 billon euro loan installment due to the International Monetary Fund on Tuesday, a Greek government official confirmed on Monday, highlighting the depth of the financial crisis facing the country.
Ministers have said repeatedly that Greece would not have the funds to pay the IMF unless it reached a deal with creditors to unlock 7.2 billion euros in bailout funds frozen while the two sides wrestled over the conditions demanded of Athens.
After talks broke down at the weekend, triggering the imposition of capital controls on Greek banks, it became a virtual formality that the IMF's June 30 deadline would not be met.
