Greece is being scapegoated.
Greece did nothing that everybody else isn’t doing. They just had the least economy to sustain it. Germany, France and the U.S. have many Greeces within them (California, America’s inner cities, Euro-Muslim immigrants or AFSME pensions for examples) but they continue to use their productive parts to sustain the non-productive.
Greece, on the other hand, is being treated as some ‘other’ rather than as part of an EU and is being kicked to the curb rather than enabled and carried as dead weight as California, the inner cities, unemployable Euro-Muslims and AFSME have been.
Well, I think you’re right. Greece may have been a bit more aggressive with its wealth redistribution schemes, but virtually every Western nation is on the exact same course. There really is no such thing as a free ride, but that doesn’t mean people can’t ride free for some time.
Governments are very adept at delaying the bill, but it will eventually come due. In the meantime, there are millions of Americans on the upside of wealth redistribution, and they aren’t keen to give up their cut.
I think we’re fated to ride this one all the way to the bottom.