Friday, July 3, 2015

Who has a bigger problem: Greece or the EU?

So who has the bigger problem: Greece, or the EU? At some point, the EU countries have obligations to their own citizens not to continue to throw good money after bad. However, they have a very real crisis that could happen on their doorstep if Greece descends into an economic meltdown, which seems to be in its initial stages.

It's like that old joke -- When If you owe the bank $100 that's your problem. If you owe the bank $100 million, that's the bank's problem.

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