Sunday, May 20, 2012

Like Greek Food? How About from the Frying Pan into the Fire?

It is really sad to watch a proud nation of good people go under, but that is precisely what is happening before our eyes in Greece.  The Greeks are about to elect a leftist government that is going to thumb its nose at the Euro zone.   They will default and do what leftists always do so well -- blame everyone else except themselves.  It was socialist pandering for votes that got them in this mess in the first place (sound familiar?) and now they are going to solve that problem by lurching even to the left.  They (Syriza) are already talking about nationalizing the banks and seizing people's assets.  Is there really any wonder that people are starting to withdraw their savings in a hurry and convert it to dollars or Swiss francs?

Here's a good analysis of the situation.

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