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Redrob · 02-12-2012, 03:29 PM

I hope Spain, Portugal, and Italy are watching this mess and don't go the same route. A Eurozone banking meltdown would certainly adversely affect financial markets here.

In Greece, getting thrown off the government tit is a hard reality for a society where so many are on the government dole (think pensions and patronage). The socialists will fan the flames with entitlement rhetoric and the unemployed will eat it up.

I noticed that the private sector was rather weak on my last visit to Athens. Many seemed to be suffering from a severe lack of ambition resulting from their welfare state economy. I saw groups of street sweepers just standing around waiting for something to do. I can only assume they were on the time clock and being paid for their idleness.

Link to today's Greek newspaper.

02-12-2012, 03:29 PM
Redrob Confirmed User Industry Role: Join Date: Oct 2004 Location: In a refrigerator box by the tracks. Posts: 4,791	I hope Spain, Portugal, and Italy are watching this mess and don't go the same route. A Eurozone banking meltdown would certainly adversely affect financial markets here. In Greece, getting thrown off the government tit is a hard reality for a society where so many are on the government dole (think pensions and patronage). The socialists will fan the flames with entitlement rhetoric and the unemployed will eat it up. I noticed that the private sector was rather weak on my last visit to Athens. Many seemed to be suffering from a severe lack of ambition resulting from their welfare state economy. I saw groups of street sweepers just standing around waiting for something to do. I can only assume they were on the time clock and being paid for their idleness. Link to today's Greek newspaper. Last edited by Redrob; 02-12-2012 at 03:32 PM..