What Can We Learn From Greece?

The disaster images from Greece might just be the beginning of something what is going to take on all over the world. It might just seem that people are not willing to understand the gravity of what is happening at this moment around the world. Far too many politicians are just interested in kicking the can far the road without telling the people the real situation of the economy. It seems that the solution is far from being reached even if discussions at and European and international level are being held.

The reality is simple: Greece is broke. However, very few people know that Greece’s debt has begun almost 200 years ago when the country has started borrowing money. But regardless of this important factor the people have always been told that the Greece economy is doing well and that all the economic crisis have not affected it not one bit. Partly this is why people have become so enraged with the austerity decisions that the government has taken: they have to pay for something that they did not take.

Greece is on the verge of receiving a lot more money in order to save its economy, however, without massive restructuring and re-thinking of some major economic areas, the country is not going to be able to recover. The massive loans are not a going to help Greece overcome this hard financial time if the people are not willing to pay the mistakes that their politicians have done.

More and more Greeks have started to borrow and borrow without knowing that at one point they might not be able to give the money back. And why is that? Well, simple: the politicians have always made sure that the people don’t know the real extent of the debt they have, the EU had never overseen what was happening in the country, even if they would have been obliged to as Greece has renounced their national currency and has adopted the Euro.

This disastrous management of the EU has also led other countries to be forced to give money to save the Greek economy. Regardless of what people might think, the guilt in this financial disaster lays only in the hands of the politicians and the EU. They have and had the power to control the people but they didn’t!

The default of Greece would not only mean that the country and its people will have to suffer but the entire European Union will have to suffer. So, those countries that are planning to adhere to the EU should really give this another though and also they should consult the people before taking a decision.

By: JacquelineBrewster

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