Thursday, 7 January 2010

Greece

If you haven't been following the government of Greece lately......they've kinda fallen, and can't get up.

Financially, they've finally come to admit that they pretty much in a California-state of mind. They have a huge revenue & tax issue.....and they can't cut the budget in a fashion to save the country. Even the President there has kinda admitted in public that things are awful bad.

So someone got around to asking the EU if they might be ready to help out Greece......like the Feds will help California in the next couple of months. And the EU said "no".

So this kinda puts everything in Greece into a crisis mood. Either they cut a massive deal across the public sector....to include education and welfare....or they come to a failure point with the government likely failing.

The thing with all of these political figures.....from California to Greece.....is that they owe lots of people. And screwing over those potential voters or associates...just ain't a thing that you'd like to imagine. So you are between a rock and a hard place.

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