Slippery Grease Or Slippery Greece

The experts are out in force today solving the Euro’s problem.  It’s easy, just bankrupt all the Banks in Europe!  But all the Banks in this mess are tied into sovereign debt to such a huge degree, that to save a relatively small economy like Greece the Politicians are prepared to kill off the financial sector in the European Economy.  ‘How  stupid is that? ignore Greece, let it sink or swim. They are not interested in  economic reality, they do not pay their taxes, avoidance is the name of the game.

Now is the time to help those countries who are working hard to repair the damage caused by too much expenditure.  Ireland and Portugal are doing some useful cuts in personal income and also Government  spending.  These are the countries who should be given extra help, get them off the sick list,  instead of wasting time and money trying to prop up  a society that does not want to be fixed.

Look at what happened in Britain and the USA.  They saved the Banks and destroyed Government finances, by chasing a situation that should have been allowed to find its own correct level.  Those parts that were not financially viable should have gone to the wall, and so it is with Greece.  The country is bankrupt and should be allowed fail and then, to arrange a finacial restructuring outside of the Euro zone.

About michaeldouglasbosc

I am retired and live with my wife on a small olive finca in the middle of a forest in the mountains of Spain in Catalonya. I served 9years in the armed services, am an engineer and because of my love of navy sailing ships a naval historian of the 1700-1800's, plus the author of 10 books. When I retired I started writing adult books my first being A Soldiers Wind. Then came Stanley's story again adult books such was his life. Another book on life in the 1950's this very much an adult book. I have now returned to my love of the sea and my latest navy book 'A Plymouth Story' follows the life of Dr James Blackstock. But Clearing In The Forest is an historical fantasy set in the middle ages at the end of King Johns reign. All the books are published on Kindle and Create a Space in paperback. I have worked all my life and for relaxation I sailed a coastal yacht for many years, but deep inside me was a writer waiting to get out. So when I retired I started writing I find story telling both relaxing and - for me - a pleasure.
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