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Friday, 20 February 2015

Greece deal?

It looks like Greece has "won" a 4 month extension of its debt obligations, so they don't run out of money just yet. It still seems risky for Greece. At some point, not too far away in the near future, its creditors will want their money back.  It seems to me any deal just delays this critical point.

As they say, "you reap what you sow". Greece has lived too long way beyond its means and shortly their "chickens will come home to roost". Mind you, lots of other places including the UK have been living for far too long on borrowed money.

All nations have to live within their means.

See .

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