Austerity measures are fine by me. What will actually happen? I can only see a net improvement with a shrunken down government.

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1985 380SE Blue/Blue - 230,000 miles
2012 Subaru Forester 5-speed
2005 Toyota Sienna
2004 Chrysler Sebring convertible
1999 Toyota Tacoma

Only legal deductions here...for the past 37 years.

As far as I can see the average American plays pretty much by the book. In Southern Europe things are a little different. For example: when I was in Spain, lived there for 9 months, you would see a lot of newly build houses that were occupied but not finished yet. The last floor, be it the 3rd or 4rt floor was never completed, iron pols sticking out of the "floor" and some construction tools left on the "roof. The loop hole was that they would not have to pay property tax as long as the building wasn't finished. You would see entire neighborhoods like this, not a pretty sight...

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1979 Black on Black, 300CD (sold), 1990 Black 300SE, Silver 1989 Volvo 780, 1988 300CE (vanished by the hands of a girlfriend), 1992 300CE (Rescue).

Thats why I'm amazed that little country can affect the world economy the way it does. Its like an economic fart compared to the big countries.

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1999 SL500
1969 280SE
2023 Ram 1500
2007 Tiara 3200

Perhaps the EU has decided that Greece is "too big to fail"?

Probably not the size of the economy, but what, how, and with whom they're involved financially.

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Just say "NO" to Ethanol - Drive Diesel

Mitchell Oates
Mooresville, NC
'87 300D 212K miles
'87 300D 151K miles - R.I.P. 12/08
'05 Jeep Liberty CRD 67K miles
Grumpy Old Diesel Owners Club

Think about it like someone who is just leeching the system (Welfare, unemployment etc etc)

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1982 300GD Carmine Red (DB3535) Cabriolet Parting Out
1990 300SEL Smoke Silver (Parting out)
1991 350SDL Blackberry Metallic (481)

"The thing is Bob, its not that I'm lazy...its that I just don't care."

Greece is proving the truth of Margret Thatcher's criticism of socialism," You eventually run out of other peoples' money."
That is where Greece is now.
Its where the US is heading.

Someone has to be the adult here, and say, " We just cannot afford_______".
We cannot afford to Bail out Greece.
We cannot afford to give citizenship' benefits to illegal immigrants.
We cannot afford to keep troops stationed all over the world. ( So those countries, freed from the cost of a military, and the fear of what happens when you don't have a good military have thanked us by dint of unfair economic competition.)
We cannot afford another bailout bill.
Of, and we cannot afford "world peace", nor can we afford to give people what they can and should supply for themselves.

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1982 300SD " Wotan" ..On the road as of Jan 8, 2007 with Historic Tags

one out of three works in some capacity for the Greece government...

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1979 Black on Black, 300CD (sold), 1990 Black 300SE, Silver 1989 Volvo 780, 1988 300CE (vanished by the hands of a girlfriend), 1992 300CE (Rescue).

How close are we to that, with Gubment Motors, Chrysler, and the banks?

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Strelnik
Invest in America: Buy a Congressman!

1950 170SD
1951 Citroen 11BN
1953 Citroen 11BNF limo
1953 220a project
1959 180D
1960 190D
1960 Borgward Isabella TS 2dr
1983 240D daily driver
1983 380SL
1990 350SDL daily driver alt
3 x Citroen DS21M, down from 5
3 x Citroen 2CV, down from 6

They really only seem to be affecting the Euro economy. Most specifically the German economy. I guess the germans are getting tired of being made to pay for WWII and are starting to say enough! Be interesting to see what transpires.

- Peter.

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2021 Chevrolet Spark
Formerly...
2000 GMC Sonoma
1981 240D 4spd stick. 347000 miles. Deceased Feb 14 2021
2002 Kia Rio. Worst crap on four wheels
1981 240D 4spd stick. 389000 miles.
1984 123 200
1979 116 280S
1972 Cadillac Sedan DeVille
1971 108 280S

Mirrors the U.S. almost to the percentage point.....

What's your point?

It could be or it could snowball like the subprime mess. There are also other countries that could have the same problem soon. With stocks down so much last week I am worried that the smart money knows something I don't.

Who lent money to Greece and will they get their money back?

The euro has a moral hazard problem, if they bail Greece out too generously other countries are encouraged to act irresponsibly also.

I suspect that there will be a lot of kicking and screaming across south Europe as the chickens come home to roost.

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1985 380SE Blue/Blue - 230,000 miles
2012 Subaru Forester 5-speed
2005 Toyota Sienna
2004 Chrysler Sebring convertible
1999 Toyota Tacoma

And lets not forget how they reacted to having to pay for WW1......

__________________
1982 300GD Carmine Red (DB3535) Cabriolet Parting Out
1990 300SEL Smoke Silver (Parting out)
1991 350SDL Blackberry Metallic (481)

"The thing is Bob, its not that I'm lazy...its that I just don't care."

Did you really wanted to let those companies go under...?

Show me the numbers.

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1979 Black on Black, 300CD (sold), 1990 Black 300SE, Silver 1989 Volvo 780, 1988 300CE (vanished by the hands of a girlfriend), 1992 300CE (Rescue).