Greece’s Debt Crisis: It is the habit that a child forms at home that follows him to his marriage.

Filed in Current affairs, foreign affairs by on May 3, 2010 0 Comments

The European Union (EU) is like a family. Not everyone is equally as rich. The latest debate on whether to bail out Greece due to bad management of its economy has divided the EU members: richest vs. the poorest.

Many countries within the union believe that by lending money to Greece, it is a reward for irresponsible spending. The Germans and French have been the most vocal against the bailout, but finally their respective governments have agreed to “save” Greece. Doing nothing would have had consequences for the Union.  

Those who were skeptical about extending the European Union to some countries are certainly seeing themselves as messiahs. As the Yoruba of Nigeria say, “It is the habit that a child forms at home that follows him to his marriage.”

Germany's Chancellor Angela Merkel (l.), Greece's Prime Minister George Papandreou (c.) and France's President Nicolas Sarkozy

 

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