Greek Financial Crisis Threatens Economic Stability Worldwide
The Acropolis, Athens Greece, a well known structure constructed during a time of Greek influence and power in the ancient world. Today it somehow more closely represents the decay and ruin of Greece's socialist welfare state. The collapse of the Greek economy has sent shock waves through world financial markets, and is threatening not only all of Europe but the United States as well. The "Greek effect" has even made its impact felt in Asia and South America. As nations have turned to greater socialism, and the welfare state mindset (Greece is the epitome of this) the burden placed on a counties economic system to support an ever growing dependency on government welfare statism is significant. In short when a system spends more than it has it will go broke, the result being great suffering across the broadest of landscapes... if you will. To one degree or another mo...