"... There are, in fact, big differences between Greece and America, which makes it easy to refute direct comparisons. Greece has a huge underground economy, a dysfunctional tax system, and a nepotistic public sector that makes American-style crony capitalism look virtuous. By western standards, Greece's economy is uncompetitive and its workers are overpaid.
But there's also an alarming similarity between the two indebted nations: Both are run by feckless politicians who seem incapable of addressing problems of their own creation..."
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Comment: Yes, admitted, Greece is a basket case, but even though it is unimportant to the world economy. The US is basket case but it's impact on the world economy is brutal, and then comes China, another brutal factor to count with. Thus forget about the silly game to bring Greece down. What threatens to bring all us of down is not Greece but the US and China.
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