The party goes on: the drunken sailors of Greece downing another round of drinks.
Why did world stock markets rally today up sharply from a miserable Thursday and Friday? Because the drunken sailors running Greece were given another round of drinks. Greece was given a temporary fix. The can was kicked down the road a bit. Nothing was gained in solving the debt crisis-it means more pain ahead.
Will Greece accept the draconian remedies necessary for its recovery from bankruptcy? The cure of desocializing, deprogressivizing, deliberalizing much of its huge unsustainable welfare entitlement economy? That is, dismantling, privatizing and capitalizing it: healthcare, energy and transportation? Can the Greeks rise to the occasion? Can they free themselves from this soft, impoverishing tyranny of statism? Will they pave the way for the genesis of liberty, self-reliance, hard work and responsibility in Europe? I hope I'm wrong but I don't think so. The collectivization of the Greek mind and government dependency for the good life is too far gone for a popular reform movement, a Greek Tea Party, to take hold. Greeks cling fiercely to their benefits and will raze their country to the ground to keep them. I fear it's back to the Junta, the Regime of the Colonels, the return of military rule. Greece's path to solvency is inescapably through hell; but that hell can be Hades or the darker more terrifying Tartarus. Either the Greeks make sacrifices voluntarily, civily and in freedom, or they'll be forced to at gun point suffering through the hell of dictatorship, pitiless justice and stern discipline.
Don't be fooled by today's "good news" and "market recovery." There's a dark cloud of doom hanging over Greater Europe blown in from bankrupt Iceland-another failed leftist experiment of the social justice entitlement state (up in smoke)-likely foreshadowing the catastrophic fate of Greece, Ireland, Spain, Portugal, Italy and the growing European debt crisis.