Greece has effectively voted to default on its debt to the IMF and the EU, and it is a massive defeat for Germany's Angela Merkel and the troika she led, which insisted there was no way out for Greece but to pay back its massive debts. The vote is huge lesson for conservatives and anyone else who thinks this is about a dilettante government of left-wing idealists who think they can flout the law while staging some kind of Che Guevara-esque dream: Wrong.
Greece Just Taught Capitalists A Lesson About What Capitalism Really Means
Jim Edwards, Business Insider
Sun, 07/05/2015 - 3:48pm
Topics: the red flag the young ones july lenin engels sachs spain portugal watch greece eu merkel germany germany's guevara imf ecb greek goldman trichet lesson capitalism debt pay markets tax private fact banks work government works paying massive small investment billion position economy country money conservatives full paid due dream creditors april huge law agreed vote debts insisted place credit restructuring president businesses knew start note transfer key collection decision years taxes astonishing
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