After a couple of decades of buying financial advice from debt sellers, the world is drowning in it. No surprise there. But definitely time to face facts: admit, repent, reform and finally, recover.
The world is in debt, not just Greece. Here is a direct video link to a Reuters report on the subject.
The new Greek government is offering everyone a wake up call by admitting the truth and demanding a new plan. We should applaud their honesty and courage to confront the status quo. We need more of that all over the world.
“The euro zone faces a risk of fragmentation and de-construction unless it faces up to the fact that Greece, and not only Greece, is unable to pay back its debt under the current terms”.
–Greek Finance Minister Yanis Varoufakis, Feb 8, 2015