GREEK FARCE TURNS TO TRAGEDY.

Most people with only a limited knowledge of history will be aware that Greece was the original seat of democracy. Similarly, the same folk are also aware of the cause of the financial upheaval that has been simmering for some years in the nation's economy. This was, undoubtedly, hastened by the flippant way Greece has been running it's state sector, certainly since it's inclusion in the Eurozone. Much damage can happen in ten years. This was a prime example of why they should not have been allowed to join the currency. Brussels's vanity, however, was not about to be derailed by a simple matter of whether or not Greece could cope. The more the merrier was the cry, a 'bums on seats syndrome'. And what do you get when a bunch of economic neophytes get excited about such a theory? Disaster!!!

What is becoming obvious, in reading comments by more reliable economists, the real reason for the insistence by Germany to keep the Euro intact throughout the original member nations is that they know that if Greece bows out, then more nations will follow. The consequence of this will be the damage done to the German Motor Industry, as the countries that leave will have to devalue, leaving less money to lavish on fancy motors. This is what frightens Angela Merkel.

Nevertheless, no matter how much money is thrown into a rescue package, Greece will have to leave sooner or later.


NOW LET'S SEE, HOW DO WE SPELL D-E-M-O-C-R-A-C-Y?