The situation with Greece has reached a boiling point that may make the European Union question certain aspects of their supranational government. Last week the Global Markets took a nosedive which was initially brought down by the European market after Greece's debt woes got worse See the Story here.
The problem lies with this new concept of "artificial money". Started by the Obama administration's deeming of certain companies "too large to fail" during the recession, throwing tax payer money at problems seems to be the new trend, but with Greece the stockholders did not like it. Yes, a country is more than worthy of a bailout, but what about the responsibility of world governments to not get into debt like this? The US is equally or more guilty of this without question, but politics once again rears its head as being more concerned about votes versus long-term responsibility. The US, for example, has the largest deficit and debt in the world (Debt Clock). It is only our $14 Trillion economy that holds us up. Greece isn't that lucky, but her European partners are there to help not see that she fails.
A little responsibility can go a long way, right?
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