Monday, January 10, 2011

ARTICLE/VIDEO: Greece to be bankrupt by August; what would happen?


When citizens of Greece take more from the economy than they put into the economy, countries at some point become insolvent. Instead of attempting to clean up the widespread corruption that the citizens were engaged in for years and years, cutting back on the outrageously generous socialists programs the government provided to their employees, other workers and senior citizens, the government for years has been borrowing non stop. Indeed, other socialists countries such as Spain , Portugal are next to fall victim to insolvency.


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