Sunday, May 20, 2012

Greece, Headed For Rough Times


Be careful what you wish for; you just might get it. So it is with the Greeks
who want to leave the Euro. If they lose the financial support of Germany
and others who are keeping Greece afloat, think the world in 1929.  The
Greeks have little or nothing to sell to the rest of the world. They have no
work or saving ethic and expect to retire at 55. They want everything the
Germans have but do not want to pay taxes or to work like the Germans.
Not possible. They are in for more hardship and suffering for the first three
to five years after leaving the Euro than they can ever imagine. But, it looks
like that will be the only way for them to understand that their failure to
assume individual and community responsibility for Greece's economic
well being and viability is irrational and that there are not sufficient
economic resources to provide for its people. They will have to hit bottom
before they fully understand their situation; and they will hit it hard. The
question will be how long the world will stand by and watch them suffer.
Basic needs and sustenance will be lacking; even medicine, health
and sanitation could become disastrously problematical.
Will the Greek businesses respond to the soon to become critical
need for them to modernize and to aggressively develop the economy
just to feed and support their own people? Tough love but it seems
inevitable.

Such a lovely country, and so nice to visit. But, last May when we
were there walking among the protesters, they only blamed the
government for their problems, never themselves. We did not
even try to discuss this with them; too dangerous and too pointless.
Sometimes you just have to let the child touch the stove for it to
learn that it is hot and that it can burn you. Looks likes that is where
they are headed. Pity.