Some may have noticed that folks are demonstrating against the government in Greece. This could be a sign of things to come in the United States, when no one pays taxes and government borrowing has grown even more geometrically. That seems to be what Republicans are working towards.
Traditionally, Greeks avoid paying taxes, retire early, and enjoy government benefits. They are also proven liars, since they provided false data to gain entry into the Euro currency group. (Good explanation, for anyone interested, in the Vanity Fair article: http://www.vanityfair.com/business/features/2010/10/greeks-bearing-bonds-201010).
Of course, having little tax revenues, the government was forced to borrow money for years to pay for the election promises that kept the Socialists in power. Naturally, they turned to US investment banks to help them dig the hole, not realizing that those guys always win. Now, the country is facing default, if they do not clean up their act.
Germans, who are said to be thrifty, hard-working, and honest tax payers, have led the charge in Europe to bail out Greece (oh, by the way, they were holding a bunch of worthless Greek bonds). In return, they have asked Greece to clean up their act, become more frugal, and collect taxes. Certain politicians have also pointed out that Germans retire at 67, as opposed to 60 in Greece, so voters might be upset about paying for the Greeks’ foolish fiscal practices and retiring early at their expense. (Polls have proven this to be true. The average German does not speak kindly of Greeks). Now, it seems, Greeks are upset about having Germans telling them how to run their affairs. Even worse, they do not want to be told to save, have the government cut back on their easily earned benefits, or work hard and beyond 60. That is why they are demonstrating in the streets.
Greeks are angry. Germans are angry. But, investment banks continue to milk the chaos for all it’s worth...
Prior to writing novels, the author enjoyed a multifaceted career: from decorated combat aviator to advertising professional to global communications director of a major consumer brand. He has traveled the world and met sports, film and television stars, political leaders, and royalty. He graduated from Middlebury College, is married, lives in Germany, and has two grown children.