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The odds now favor the tentative deal struck over the weekend to “rescue” Greece, which many have correctly depicted as a brutal economic colonization of Greece by its lenders, coming unraveled. It’s hard to see how Greece could muddle through, given that a sketchy plan attribute to German Finance Minister Wolfgang Schuble over the weekend, that of a five-year temporary Grexit, was so obviously a napkin doodle rather than a plan as to be a negotiating chip and a taunt rather than a serious idea. But the lack of any alternative to the punitive plan that is starting to go pear shaped means that Greece would stumble into a Grexit utterly unprepared, with its banks unable to open at any foreseeable time in the future. That’s a game plan for utter catastrophe. If you think the unplanned Lehman bankruptcy was an unmitigated disaster, a Grexit would make that look like a walk in the park.*
originally posted by: rossacus
There is a good reason why you tax people. This is what happens when you don't.
originally posted by: SubTruth
What happens when you are not conservative with your money at home? If you do not follow a budget and take on debt you will fail in time.
originally posted by: fshrrex
a reply to: rossacus
The article states that Greece only taxes about 30% of the population. They definitely need to tax everyone across the board. However, I think the main point of this showdown is the issue of PENSIONS...if the creditors can force Greece to lop off a large portion of their pension costs by forcing the people to accept pennies on the dollar...it will snowball across ALL COUNTRIES. The U.S pension showdown is coming!