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Politics : View from the Center and Left -- Ignore unavailable to you. Want to Upgrade?

To: JohnM who wrote (175178)	11/2/2011 10:47:26 AM
From: Dale Baker	Read Replies (1) \| Respond to of 541058

The simple fact is that external lending to Greece will not continue with their current level of deficit spending for benefits. They are going to lose that standard of living. They can lose it for now in an EU package or they can go it alone and hope that one day everything comes right through magic belief. No way will European banks take on more Greek sovereign exposure without some indication they are lending to a responsible party. Which Greece has not been for the last 15 years or more. Other options are largely wishful thinking.