Greek Crisis Will Grip Whole Western World

The fiscal crisis unfolding in Greece and other weak euro-zone countries wont stop with them, but will spread to the entire western world, said Niall Ferguson, a British historian who teaches at Harvard.

Copyright Bloomberg 2010

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• EU
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[SajukkTheEternal]

There's no getting away from the greek crisis. It WILL come to you, wherever in the world you are. Time for the capitalist world to pay for what it created

[fal2grace]

@SajukkTheEternal I think it's the main domino in the chain... when it goes... the rest follow.

[CruelSkies]

And pay we will; as long as we can be convinced that we are all equally free and able to achieve. It seems the chains need to be physically slapped on and bound, before we are able to recognise the truth of the lives we have been allocated. In all slavery there are a lucky few who find an escape, but for the majority born into slavery, in slavery they will remain, unless there is a system change. And no system ever set its slaves free until it was forced?

[fal2grace]

@CruelSkies very true and very eloquent...thank you.

[christbone]

i love it how greece created the civilised world and has the capability to destroy it.

[fal2grace]

@christbone it is ironic..thanks

[EndTheFedRes]

now my question is...

How do you explain this to the American Idol audience?

[variemaiaperiorista]

watch "the zeitgeist" and "apology of an economic hitman" if you haven't done it yet. it will help you understand a lot about the "crisis"

[variemaiaperiorista]

@mkariman yes it's a fact that greece spends a lot of money of money in the army but we have no other choice because turkey does it too. but where did you hear that the greek government helped terrorists? i don't think this has ever happened. actually, a couple of years ago we arrested Abdullah Öcalan (kurdish leader) who asked for asylum, but we gave him to you.

[1falconeye2]

I am a public school teacher and boy there is an all out assault on teachers now! While some states pay ridiculously high salaries to teachers where the cost of living is not high, most do not! Teachers are now being blamed for student failures, when in fact the curriculum has been "dumbed down". I have seen this in my 20 years of teaching.Moral values in society have also declined. Children and parents are NOT accountable, just the teachers! It's all about control!

[badsign1980]

the firs question she asked was(without knowing what it meant why so much?

[cmorganis]

this is not a Greek or US problem.... This is what happens when Government's allow the existance of 'derivatives' the most DANGEROUS financial instrument (weapon) ever created! It is being used to ROB countries around the world and transfer funds to Corporations. Basically we are viewing the death of Nation States and the creation of Corporate Feudal Lords. Welcome to the United Corporations of America else UCA or maybe UCW United Corporations of the World...

[mkariman]

greece is one of the most visited countries in the world their tourism is their income but maybe they wouldnt of gone into this situation if they havent purchased all those guns and increased their army personel and started training soldiers in the greek islands which they are not allowed. also maybe not 100 percent proven but known is that greece government has been helping the pkk terrorist organisation in north iraq with supplies to attack turkey and huge amounts of money to kurdish leaders!

[SajukkTheEternal]

The greek Public debt is $405.7 billion (113% of GDP) high, according to wikipedia. These 405,7 billion dollars, in bonds, are owned by many private and state banks, mainly in Europe and USA. If the country defaults, those bonds will be of little more value than toilet paper. Let's see how the world capitalism reacts to having 405 billions turning into smoke... can't wait to see that. Bastard bankers, you will pay dearly for what you did to this country

[nekrothaftis88]

The biggest mistake we made in Greek. we did is that you people had to let you live in caves and trees