TriggerFinger


Anti-austerity party wins in Greece


Daily MailAn anti-austerity party has won a landmark election victory in Greece which critics fear could force the Eurozone into a fresh crisis. With 97 per cent of the votes counted, radical leftist party Syriza was set to have 149 seats in parliament - just short of the 151 it needs to rule outright.

If your memory for European news items goes back a couple years, you will recall that Greece has been pretty much in perpetual debt crisis for at least 5 years or so, and has already been rescued multiple times by bailouts from the other European nations using the Euro as their currency (mostly Germany).

The results there make it clear: Democracy will last until the people realize they can vote themselves money from other people -- in this case, from other nations. That lasts until other nations stop giving them money; then comes hyperinflation, as the democratically-elected leaders print money instead; and finally a complete economic crash as people bring wheelbarrows full of cash to buy a loaf of bread.

And then it gets really ugly.

This entry was published Wed Jan 28 12:52:45 CST 2015 by TriggerFinger and last updated 2015-01-25 20:15:56.0. [Tweet]

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