{"id":816,"date":"2015-07-01T11:54:29","date_gmt":"2015-07-01T17:54:29","guid":{"rendered":"http:\/\/www.conservativelefty.com\/wp\/?p=816"},"modified":"2015-07-01T11:55:18","modified_gmt":"2015-07-01T17:55:18","slug":"greeces-bailout-expires-country-defaults-on-imf-payment-my-way-news","status":"publish","type":"post","link":"http:\/\/www.conservativelefty.com\/wp\/?p=816","title":{"rendered":"Greece’s bailout expires, country defaults on IMF payment –\u00a0My Way News"},"content":{"rendered":"

\"OLYMPUS<\/a>Greece’s bailout expires, country defaults on IMF payment<\/p><\/blockquote>\n

Source: My Way News – Greece’s bailout expires, country defaults on IMF payment<\/a><\/em><\/p>\n

Sooner or later it\u00a0was<\/strong><\/em> going to happen. \u00a0The sheer arrogance of the Greeks declaring to hold a vote to determine if they are entitled to Germany’s money in order to keep their entitlements was beyond belief. \u00a0I can’t say that I really blame Merkel for saying “Enough!”<\/p>\n

Now, I won’t put it beyond the realm of possibility that some last ditch deal gets made. \u00a0If so, it is nothing more than punting the issue down the road. \u00a0There really is only three solutions here.<\/p>\n

    \n
  1. Greece cuts its entitlements and lives within its means.<\/li>\n
  2. Europe supports and pays Greece’s massive entitlements programs.<\/li>\n
  3. Europe forgives Greece’s debts outright.<\/li>\n<\/ol>\n

    The big problem with #3 is that it will almost certainly lead back to having to choose between #1 and #2 again. \u00a0If that becomes a cycle, then the reality is that Europe has chosen #2 – paying for Greece’s programs.<\/p>\n

    Next on the critical watch list? \u00a0Spain. \u00a0They are in bad shape as well. \u00a0If it goes next in the near future, then anticipate an escalating domino effect.<\/p>\n

    And to think the U.S. has a President who is trying to push the country into such a European system.<\/p>\n","protected":false},"excerpt":{"rendered":"

    Greece’s bailout expires, country defaults on IMF payment Source: My Way News – Greece’s bailout expires, country defaults on IMF payment Sooner or later it\u00a0was going to happen. \u00a0The sheer arrogance of the Greeks declaring to hold a vote to … Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false},"version":2}},"categories":[2,3],"tags":[22,170,49,51,171,172,174,169,100,106,173],"class_list":["post-816","post","type-post","status-publish","format-standard","hentry","category-culture","category-current-news","tag-tcot","tag-bailout","tag-culture-2","tag-current-events","tag-eu","tag-europe","tag-failure","tag-greece","tag-politics-2","tag-progressives","tag-socialism"],"jetpack_publicize_connections":[],"aioseo_notices":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p5yCHs-da","_links":{"self":[{"href":"http:\/\/www.conservativelefty.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/816","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.conservativelefty.com\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.conservativelefty.com\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.conservativelefty.com\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.conservativelefty.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=816"}],"version-history":[{"count":2,"href":"http:\/\/www.conservativelefty.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/816\/revisions"}],"predecessor-version":[{"id":820,"href":"http:\/\/www.conservativelefty.com\/wp\/index.php?rest_route=\/wp\/v2\/posts\/816\/revisions\/820"}],"wp:attachment":[{"href":"http:\/\/www.conservativelefty.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=816"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.conservativelefty.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=816"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.conservativelefty.com\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=816"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}