Greece: The Oil Slick in the Mediterranean

Greece: The Oil Slick in the Mediterranean

The Greeks are in trouble.  And their troubles are spreading like the oil slick in the Gulf of Mexico. They need $158 billion. They hired too many government workers. They give too many social benefits. Let’s just guess they spent money on infrastructure, mass transit, extended unemployment benefits, fat bureaucracies, health agencies, financial regulatory employees, green initiatives. (Sound familiar?)  They bloated government. Now they want more prudent neighbors to rescue them. They are endangering the coastlines and interiors of Europe.

Greek is a small place. It could fit into a couple of Montana counties. It has 10 million inhabitants. $158 billion divided equally is $16,000 per person. They really have a problem. We should quit emulating them.


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