American Taxpayers: Meet Your New Friends And Neighbors The Greeks

TBI/Fred Sauer Matrix ^ | 7-11-2011 | Fred Sauer

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American Taxpayers: Meet Your New Friends And Neighbors The Greeks

Fred N. Sauer, Fred Sauer Matrix
Jul. 11, 2011, 5:33 PM

America expended tens of thousands of lives and immeasurable national treasure, including the Marshall Plan, during and after World War II to liberate and rebuild Europe. The United States also defended Europe throughout the Cold War while they pinched their defense budgets and capabilities in favor of massive social expenditures. With the bailouts of Europe just beginning, it looks like we might get entrapped in Europe again:

Greece shook global markets, intensifying fears of a default, as tens of thousands of demonstrators protested a new round of budget-cutting plans and its prime minister offered to step down to try to preserve them.

Protests across the capital sometimes turned violent as Prime Minister George Papandreou sought an agreement with opposition parties on austerity measures demanded as the price of a new bailout by euro-zone nations and the International Monetary Fund….

…Mr. Papandreou's Socialist party has a Parliament majority of just four….

The vote is likely to herald a further bout of intense uncertainty in financial markets already rattled by disagreements among the 17 nations that use the euro over terms of a new rescue package. Investors pulled out en masse Wednesday from riskier financial assets. Yields on Greek government bonds leapt to new highs, with two-year paper yielding 29%.

If you look at it in a little more detail, you will see evidence of a failing sovereign nation:

(snip)

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