print“The ingenuity, industry and activity of the ancient Greeks have nothing in common with the stupidity and indolence of the present inhabitants of those regions.” So said philosopher David Hume about modern-day Creeks.
The “land of moussaka, moochers and looters” and their Marxist leaders refuse to cease living on money borrowed from the more productive EU countries (Germany) .
“Greece,” marvels the Wall Street Journal, “has largely based its brinkmanship on an assumption that the eurozone will ultimately capitulate to its demands to prevent chaos spreading across the currency bloc.”
“Both Spain and Portugal are at risk from a Greek eurozone exit, but they have confidence their economies can withstand the shock.”
Yes, pumping funny money into the money markets has a way of inflating confidences.