Greece Still on the Edge

Moody’s has done its job on Greece, but when will it honestly asses our ability to repay what we owe? Truth is, all the sovereign debt in the West deserves downgrade, but Moody’s only dares with Greece. Socialism has matured into collective bankruptcy in both Europe and North America. Even well meaning proposals to change our ways, like the Ryan Plan, sound like an alcoholic promising to cut back next year and quit completely twenty years from now.
Greek Default Risk Raised by Moody’s – Bloomberg:….html

Explore posts in the same categories: Uncategorized

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: