So it is not an exclusivly American trait to live beyond our means. Seems the old world had that one covered. News reaches my ears that Greece is floundering in the wake dirty play from banks and a giant debt ratio. Interesting how Goldman Sachs name is popping up again. When will the fun end?
Let the Greeks ruin themselves. (the economist)
In Greece's Crisis, Fed Studies Wall St.'s Activities (NYtimes)