Here we are shown the Greek crisis for what it is . Hardly the main event …. Much more are their miseries and suffering , self-inflicted though they are , just the opening act for the main event forming up backstage as we speak .
Yes … We refer to Italy and Spain . Both with their own variety of the same basic tax&spend malady and nary a physician in sight .
There are lessons here for November should we choose to face the reality of our situation . With America only baby steps behind the PIIGS , will the electorate become fully aware of the financial cliff rushing towards us , not-withstanding the MSM’s/Dems (oxymoron?) lemming like drive FORWARD …..
“The third and final reason why the relief rally ended so quickly: Greece was the curtain raiser for the European meltdown, but it is ultimately a sideshow. Europe has moved on now; we are worried about Spain and Italy now. The Greek election doesn’t solve any of Europe’s real problems. Greece can and probably will make Europe’s problems worse, but nothing that
happens in Greece can save the euro.
As interest rates on Italian debt passed 6 percent (the crisis threshold) and for Spain they
passed 7 percent (apocalyptic), Europe edged a little closer to the precipice this morning. The
Greek election went as well as could be expected, and better than feared, but Europe’s problems just keep getting worse all the same.”
