Telegraph: Reports that the economic decline of Greece could spread to the rest of Europe. As stated in this blog the EU should allow Greece to fail, the politicians in Athens have sold out Greece to their own political interests, if the EU bails Greece they will not see the need to reform, better to bankrupt Greece and start again, it will be tough medicine for Greece but they have been through worse, cut the cancer out NOW, then save the patient, the cancer is the debt from Greece, we remove the threat and keep Greece in the future a stable country. Otherwise there will be more bailouts, the UK should not bailout EU countries, their mess let them spend the money. Lets hope the Obama Administration learns the costs of bailouts, its time to cut public spending and save the future for future generations.
Wednesday, April 28, 2010
Trojan Greece and World
Telegraph: Reports that the economic decline of Greece could spread to the rest of Europe. As stated in this blog the EU should allow Greece to fail, the politicians in Athens have sold out Greece to their own political interests, if the EU bails Greece they will not see the need to reform, better to bankrupt Greece and start again, it will be tough medicine for Greece but they have been through worse, cut the cancer out NOW, then save the patient, the cancer is the debt from Greece, we remove the threat and keep Greece in the future a stable country. Otherwise there will be more bailouts, the UK should not bailout EU countries, their mess let them spend the money. Lets hope the Obama Administration learns the costs of bailouts, its time to cut public spending and save the future for future generations.
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