As I predicted the rest of the EUnics have caved to Greece's demands to give them more money for promises of austerity.
Recent score card:
1. 200 billion euros for promises of austerity
2. No austerity happens.
3. 150 billion euros for promise of following the previous promises of austerity.
4. Again, no austerity occurs.
5. ??? billion euros for promise of actually following the promise of following the promises of austerity.
Guess what is going to be step 6?
The DUmmies are sure of several things:
1. All monies loaned to Greece ended up in Goldman Sachs' coffers. Anything that didn't went to "the 1%." In reality, we know that while Goldman and other bankers made some money, Greece used the dough to prop up a system it couldn't and can't afford. That money pretty much went straight into the lungs of retired 58-year-old Greeks in the form of burning cigarette smoke and on their asses in the form of mounds of french fries*.
2. The only way to prop up an unsustainable Greek entitlement system is to sink even more money into it, for more packs of smokes and more plates of fries.
3. All Greek debt should be written off completely, because "World War II". Also, so it will be easier to concentrate on the new money that should be taken from productive 57-year-old Europeans to give to retired 57-year-old Greeks.
4. The Greek system of entitlements, early retirement, and avoidance of work and thrift is a perfect model for the United States.
Of course, they're wrong on all counts, but after all, they're DUmmies.
* - you would be stunned to know how many fries are consumed in Greece.