From today’s Open Europe news summary:
In its quarterly report, the Greek Parliament’s State Budget Office has warned that Greece will require a third bailout package to avoid a default, and that despite capital injections, the problems of the country’s banks has not been resolved yet, reports Kathimerini.
Greece will “need” a third bailout, and a fourth bailout, and a fifth bailout, ad infinitum until the EU has had enough. As long as Greece can get more money from the EU, it will never adopt the reforms needed to stand on its own. Such are the wages of socialism everywhere, whether pertaining to the individual or entire nations.
Patrick Barron
www1.radiofreemarket.com 