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May 24, 2010

Crisis reality: Greece moves on tax cheats while world ponders future of euro

Greece is working through the direct effects of the crisis solutions as austerity measures begin to hit average Greeks on the streets. No pundit, news organization or international commentator is saying the three-year bailout package from the eurozone and IMF will do more than move the problem a bit further down the road. Many are saying a painful reckoning in Greece is ahead, and the chances that Athens will have to oversee a transfer of Greece from a member of the wealthy eurozone to that of a relatively poor european tourist site is real and perhaps unstoppable.

Related:

The new illusion: Greece to become wealthy enough to pay back ever-growing sums of debt


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