Three Keys to Understanding the Greek Governments Financial Crisis
Col. Mike Walker, USMC (retired)
All,
Do not spend any serious time reading about all the nuances and complexities of the current fiscal crisis facing the Greek Government. Here is everything you need to know in a nutshell:
Austerity = Our Government spent its way into bankruptcy and now we have to reduce spending (by the way, for years we lied to everyone about how bad it was).
Bailout Loans = We ran out of our money and now need to spend other people's money.
Anti-Austerity = We are dead broke but refuse to admit it.
Mike
