America: A Big Fat Greek Tragedy "America is Greece- except on a much grander scale." Greece is the insolvent, bankrupt country that threatens to bring down the entire EU (European Union) with its exploding and toxic national debt. But it’s just one of the PIGS- Portugal, Italy, Greece and Spain. The EU is damned if they do, damned if they don’t. If they choose to bail out Greece in order to save the union, soon they’ll have much bigger bankrupt nations to deal with (Portugal and Spain are next in a long Conga line). There isn’t enough money in all the world to bail out all of them. The EU is in big trouble.
But the real problem is that Greece isn’t the worst Greek tragedy on the horizon. Greece is only “the canary in the coal mine.” See the rest of the article and discussion at Independent Political Report: http://www.independentpoliticalreport.com/2010/02/america-a-big-fat-greek-tragedy/ [Non-text portions of this message have been removed]
