Greece Explained
An Inconvenient Chart

A couple years ago, The Economist published the results of a Europe-wide Pew Research Center poll in which people were asked for their perceptions about who is corrupt and who is honest; who works hard and who can't be bothered.  For obvious reasons, the results fell down the MSM rabbit hole:

An mind you, the news isn't just that everyone knows Germans are hardworking and relatively uncorruptible--it's that the Greeks, uniquely, are in complete denial about themselves and about the rest of the world.  With the single exception that they admit to being hideously corrupt.  That they think they are hardworking is risible to anyone who's ever visited their country.

Visit Greece if you dare. Along with an over-proud, indolent populace you’ll find colossal graft and corruption, tax evasion on a truly astonishing scale, luxury mansions by the thousand, yachts filling the harbors, privately- and publicly-owned islands; countless billions in marketable assets which could quickly be sold to help pay down the nation’s debts. But why lift a finger to sell or to work when you can blame Germans and get more ‘free money’?

In essence, and for a very long time, Greece has been a third-world country living like a first-world country by borrowing money. Now they set a plebiscite to decide if they want to pay back the money they've borrowed or not. What might be the result of that, one wonders? The Eurocrat 'leaders', having made clear that they will spend unlimited amounts of taxpayer money to keep the Eurozone together, bear some of the responsibility too. The losers? Taxpayers, as usual. Just not the ones in Greece, partly because there aren't any.

The American MSM, meanwhile, has come out full-force in favor of still more bailouts for Greece. Extend and pretend, kick the can further down the road, and forever reward profligacy and irresponsibility. But save the bacon of some really wealthy international bond holders, right? So the last few remaining can get out clean while the debt is socialised and taxpayers get saddled with the bill.


See also James Angelos: “The Full Catastrophe: Travels among the New Greek Ruins”


What say you?

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