Greek bailout delays the inevitable

posted by
October 31, 2011
Future of Freedom Foundation
by Jacob G. Hornberger  
Posted in Commentary

"The European Union’s bailout of Greece will only delay the inevitable because it doesn’t get to the root of the problem -- Greece’s welfare state, along with the fierce refusal of the Greek citizenry to abandon the welfare-state way of life. It’s amusing to watch Greek citizens protest so vehemently against Germany, whose taxpayers have just been plundered to bail out the beleaguered Greek government. It’s also amusing to watch those same Greek citizens protest any reductions in welfare in Greece." (10/31/11)  

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