It is intructive to see that when countries reach the point where light is shown on their inability to pay their debts, they also have economies that are so dependent on borrowing (and bloated government spending) that they are trapped in an economic vice. The world reserve currency status for the US Dollar has allowed us to get deeper in that trap in some ways than anyone else.
Greek Economy on Track to Implode: Hanke - Bloomberg:: www.bloomberg.com/news/2012-01-24/greek-economy-on....html
http://chumly.com/n/fd70bf
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