In withdrawing from negotiations with Greece’s international creditors and holding a referendum on whether Greece should adopt the further austerity required by the lenders’ financial aid package, Greek Prime Minister Alexis Tsipras figuratively pulled out a gun and threatened to blow a hole in the life raft that was given to his country in an attempt to get a nicer boat. The referendum may save his left-wing Syriza party but may cause Greece to default on its loans and exit the common Euro currency. Greece has long been irresponsible financially–originally having excessive pensions, early retirement ages, an overregulated and corrupt …read more
Source: The Huffington Post
