While Detroit had the state of Michigan to bail it out by appointing an emergency manager, Greece has no such thing, although the IMF and Europe tried. Instead, Greece, being a sovereign state, has elected a government which aims to resolve its financial crises with more spending.
Finance Minister, Yannis Varufakis http://www.nytimes.com/2015/01/30/b...ies-a-more-moderate-message.html?ref=business, thinks he can have the German tax-payer support Greek socialism.
I am a Greek citizen, and find the upcoming Greek fiasco "Detroit" on a national scale, and needless to say, the complete collapse of a once-proud nation.
Sometimes insanity is defined as doing the same thing repeatedly, and expecting different results. The Greek electorate has learned almost nothing from decades of almost complete socialist rule.
Finance Minister, Yannis Varufakis http://www.nytimes.com/2015/01/30/b...ies-a-more-moderate-message.html?ref=business, thinks he can have the German tax-payer support Greek socialism.
I am a Greek citizen, and find the upcoming Greek fiasco "Detroit" on a national scale, and needless to say, the complete collapse of a once-proud nation.
Sometimes insanity is defined as doing the same thing repeatedly, and expecting different results. The Greek electorate has learned almost nothing from decades of almost complete socialist rule.
