Money | The Greek debt crisis has no easy solution
by Timothy Lamer
Posted 2/26/10, 06:23 am
The problem with out-of-control government spending is that, at some point, somebody has to pay for it. Governments tend to ignore that fact, but Greece, over the last few weeks, provided a reminder that it cannot be ignored forever. The drama of street protests in Athens and angry remarks from leaders across Europe is largely an exercise in determining who will pay for years of Greek profligacy. Nobody wants to pay, but somebody must.