Quote Originally Posted by El Kabong View Post
Portugal as well, they aren't on solid ground at the moment either. What has happened in Greece, the riots and what not just goes to show you what happens when the people start voting themselves benefits. The politicians say they'll bring more, the people vote for them, and it's a never ending cycle of raising taxes and raising spending to at least try and cover your ass.


....but I suppose this is all Capitalisms fault eh Kirkland, that evil Capitalism has struck again....in Greece no less
Greece is actually the only country in trouble that did this. Spain and Ireland were both running large budget surplusses before the 2008 meltdown. Italy was running a primary surplus. The main problem these countries have is that they're locked into a currency at an uncompetitive rate and they're unable to devale and can only regain competitiveness by crushing internal deflation. Although I'd have more success explaining string theory to a sheep that trying to get you to understand what's going on in europe.