Greece’s socialist government with its tourism based economy (ie no economy) won’t let it’s 55-year-old retirees give up their full benefits. The is the Cloward-Piven Strategy at work. Get them everything no matter the cost. When it all collapses, everyone ends up dependent on the (Euro) government to survive.
But I digress, who will take it on the chin when Greece declares bankruptcy?
Those with savings who haven’t already gotten their money out of the banks. Haircut time ala Cyprus.
Greek banks? Maybe to an extent. The Euro presses will take care of them. Read the rest of this entry »
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