Acropolis Now

[gaelic cowboy]

And pensions were set at 54 on top of the 14 months a year and just about nobody has a non-government job, and now their socialism is going to be feeding on us. Nono.

The use or misuse of said money for such things has a misleading tone the only criteria to be measured is the ability to pay back the bond. As Greece had a lot of money to pay back now and not next year due to credit tightening up they were unable to borrow more to pay the last one. This is what all countries do no one actually has a government that saves up money and pay its debt they borrow more and on and on forever.

Greece could not rollover the bonds and so was in danger of default no one will lend it is therefore a self fulfilling prophecy


As an aside here is the bonds and dates due for Ireland NTMA bond due dates