As we watch our 401ks being whipsawed in the markets by European Union dithering over their sovereign debt crisis (translation: sovereign debt crisis = deadbeat governments are broke), a friend from Germany sent this email this morning:
I've heard of "beware of Greeks bearing gifts?", but how about "beware of Greeks who won't even take the gifts?"
Headline in a German tabloid this morning:
"You don't need our money? Fine, we don't need your problems."
Asking the Greeks to vote on whether or nor they want to pay back their loans is a lot like telling someone maxed out on their Visa card that it's up to them to decide just much they'd like to pay back.