Greece dying, China buying
Misfortune shows those who are not really friends. – Aristotle
there’s a bit of unrest in greece lately over the planned austerity measures. greece’s misfortune is almost wholly their own fault as their government had no spending restraint for the past decade. the rest of europe, including a very grudging germany, bailed the greeks out, but only after imposing severe economic austerity on the nation. the greeks learned that they don’t have many friends in the supposedly lubby-dubby EU even though they share a single currency. the germans only agreed to the bailout when they realized the fate of the euro itself depended upon their bailout funds. greece was, in effect, an island.
