What the Greek Debt "Crisis" Is Really About
Here is a report I am reviewing this morning. The Greek debt crisis has Europeans and Americans fascinated. However, as the report linked to above shows, the issue is not really about Greece's debt, as all countries typically carry debt on their books. What it is really about is power.
I would add one important point to the focus of the article. The way of economics of Europe and the west is being tested in a serious way. With unemployment plaguing Europe as well as the United States, leaders know there are dangers of social uprisings. The NATO countries may yet experience an Orange Revolution or an Autumn of Discontent akin to the Arab Spring of a few years ago. The article has more history.
Here is a report I am reviewing this morning. The Greek debt crisis has Europeans and Americans fascinated. However, as the report linked to above shows, the issue is not really about Greece's debt, as all countries typically carry debt on their books. What it is really about is power.
I would add one important point to the focus of the article. The way of economics of Europe and the west is being tested in a serious way. With unemployment plaguing Europe as well as the United States, leaders know there are dangers of social uprisings. The NATO countries may yet experience an Orange Revolution or an Autumn of Discontent akin to the Arab Spring of a few years ago. The article has more history.
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