Their problem is they already spent that money, so they're actually walking away penniless with future borrowing prospects cut off (at least from the West, how Russia, China, etc. approach this remains to be seen). Their real trick is going to figuring out how to live within their means going forward. If they thought they were poor last week...
Can the German public, who from what I've read are quite 'bail-out weary', be convinced that the monetary union should be turned into a permanent wealth transfer union in order to preserve the Europhiles dreams of a federal Europe?
“Their real trick is going to figuring out how to live within their means going forward. If they thought they were poor last week...”
Their vote makes no sense to me - how do they think they will live? Where do they think the money will come from?
I find this most scary because our youth will think along the same lines, when the time comes. Heck, they already have! They wanted Obamacare, then when they find out their premiums will be supporting the older folks, they bail out on getting insurance.
Socialism is only fun when you are the receiver.
Thanks for putting us back on the right path. What I ‘think’ is going on is total disgust for this vote and for the Greeks, as a whole. So we lump them in the same group and figure they deserve what they get. But there were 40% that voted for austerity measures and to pay the debt back.