Monday, April 26, 2010
What does a country do to maintain its reputation? Pay its bills, for one thing, but it is more than that. A country must want to be a member of the international community meeting expectations of other countries, such as heeding the rules for the European Union. But, it is more than that as well. Citizenry needs to understand it has obligations both to the state and other nations. Greece's challenge is that it has overspent its budgets to the point of ruin, but the Greek-on-the-street is protesting cuts in government spending. So, Greece is going to get yet another loan to roll debt it can't pay now. It is a difficult job for its politicians, and probably one they didn't feel they were elected to do.