Pensions are just money lent by the workers to be given back later.
That's not how government pensions work.
If you add it all up, you'll find that the taxes you pay are not enough to cover the pension + healthcare now + healthcare after retirement. That's why Portugal has a problem.
Well it looks like we'll soon test your theory.
In this case, it was European companies that were pushing. But it's easier politically to blame America. Just like US presidents always blame their predecessors for anything bad that happens.
They failed anyway.
There is no conspiracy.
Let me say it differently........get back in reality, man. Your post went off the rails by the end.
The EU only has one problem: Once Greece gets out, there is a real risk that things will turn for the better in Greece
It won't. Greece doesn't have the self-discipline to manage their own currency.
The fair with European leaders is that if Greece needs to do something like leaving the Euro or something else drastic this could pave the way for other countries like Spain, Italy and Ireland. Supposedly this could harm the Euro.
Wrong. That was the worry of contagion in 2011. That is no longer a worry. You have not been keeping up.
The ironic thing is I actually did quote verbatim one of the definitions, but you didn't read it.