[Devils'Advocate]

Originally Posted by HOZ

China may also question why it should support economies that pay their unemployed more than most of its workers earn.

Wow if true. Link goes to a page talking about China not being impressed. Europe is in a whole world of hurt.

Margaret Thatcher - Socialism is great until the money runs out.

The problem is no longer just Greece but the whole Union. People have emptied the piggy bank, maxed the credit card and are now trying to empty their neighbors bank account.

Yeah, I note that the link in the blog doesn't explain the "pay their unemployed more than most of its workers". I've been trying to search the net to find any proof one way or the other to no avail.

I think capitalism had far more to do with how Greece got into this debt crisis than socialism. Yes, their government had a high debt load, but had reasonable interest rates to work with. Until the global financial collapse.