Going Greek

“Going Greek,” long associated with discomfort of a certain kind, has expanded in its scope.

Now, creditors of the Greek government (bond buyers), have faced several delays in repayment of Greek debt as well as re-negotiation of terms less favorable to them.

In short, the Greeks have their creditors bent over a barrel, so to speak.

Was the Greek God Zeus and unbridled Socialist?

Was the Greek God Zeus an unbridled Socialist?

This has been the result of spendthrift ways including generous pensions and work rules that stifle the Greek economy resulting in inadequate growth, when growth even occurs. This model is not contained to Greece but parts of Europe as well as many states in the U.S.

So the next time someone offers to sell you a Greek bond, opt for the Brooklyn Bridge, instead.

And don’t Go Greek.

-I.M. Windee


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Was the Greek God Zeus and unbridled Socialist?
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