Tuesday, May 4, 2010

Greek strikers challenge bailout-for-austerity deal

There's an old saying, you can lead a horse to water, but you cannot make him drink. Bailouts based on austerity plans (cutbacks) are meaningless if they are not accepted. Socialism creates dependency that cannot be easily removed. This is a lesson that should not be ignored today.

Striking public workers challenged the Greek government's bailout-for-austerity deal with the EU and IMF on Tuesday as investors fretted about Athens' ability to push through ambitious budget cuts.

Source: finance.yahoo.com

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