Could Greece Fracture the Efficacy of the EU?

John R. Houk
© May 23, 2010

Not too long ago the European Union appeared to be a bastion of economic strength with the Euro that soared even over the American Dollar in value. Now Greece goes through population unrest in which you could also a rioting. Over what is the Greek unrest? Is the Greek unrest over big government and too many social programs? Is the Greek unrest over an intrusive large government bureaucracy? Is the Greek unrest over placing security in a plain higher than civil liberties? If the answer was yes to all of the above it might sound like the American Tea Party Movement. The answer though is no.

Greek unrest is over the Greek government realizing it has gotten in over its head in entitlements and social programs. Just for clarity, the anger is not because entitlements and social programs are too large. Nay my friends, the Greek anger is because the Greek government has realized it does not have the financial resources to keep those entitlements and social programs solvent. The Greeks are rioting because the Greek government is scaling back on entitlements and social programs that would otherwise bankrupt the Greek government.

The fracture in the EU caused by the near insolvency of Greece brings into question the socio-political-economic unity of this confederation of independent nations who have sought a unified front in the global scheme of geopolitics.

JRH 5/23/10