Profile photo of MountainBiker

Greece needs to re-invent itself but the people and the govt. want to hold onto the old ways. At the same time they have been borrowing money for years so as to be able to make payments on their loans. It is only in the world of international banking smoke and mirrors that Greece hasn’t gone bankrupt years ago. They are carrying more debt than they can afford. The Europeans know this. Everyone knows this. The Greek people will suffer when it happens. Many beyond the borders of Greece will also suffer the ripple that flows out of such a default. The executive suite of the big international banks won’t suffer at all.