It’s too bad Greece put itself in this position.
Until Greece stops spending 56% of its GDP on governance, there is no way to slow the waterfall of debt. Greece manufactures pensions.
And I’m not sure what you might call that kind of spending, but it’s not austerity.
bump
To their credit. They have been reducing their obligations at a higher rate than we have. They have reduced pensions, cut .gov, raised taxes and other such issues. They are certainly trapped in corrupt institutions, but are putting a effort into such reductions.
I doubt the US would have the patience and 'decorum'[kinda lol] they have showed under such conditions. The US simply does not have such a backbone anymore.