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Thursday, March 8, 2012

The Ongoing Greek Tragedy

As the Greek are seeking a buyer of their debt, many feel they should be kicked out of the Euro.I think it is a smart move, since their lack of Economic output is the real issue. Unfortunately, more borrowing and consumption is being done as compared to saving, investing and production. These are the keys of building an economy. These keys have been eschewed by the Greek, thus they are seeking someone to bail them out.  This article from Bloomberg discusses the possibilities of a Greek exit from the Euro Zone. 

This video below discusses the need to make cuts for the Greek Government:




And, here is a video discussing the potential unrest in Greece AND Italy. Italy, is tied into Greece with being one of the world's largest bond holders.





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