Tax and Spend

In some form or fashion, Greece must default.

"One day, the whole system will come crashing down. Except for Hungary, government spending as a percentage of GDP has been rising year after year since the financial crisis of 2008. For the EU's twenty-eight nations, government spending hit 49 percent of GDP in 2013, up from 45.5 percent in 2007. For Greece the ratio has gone from 46.8 percent in 2007 to 59 percent in 2013: so much for the fiction of austerity."

Europe is doomed, as are we all.