So the Greeks are to get, yet, another €8 billion in aid approved by the Troika. The phrase 'good money after bad' does not do the situation justice as the Greek authorites continue to make Ireland's economic management look positively prudent and wise. Apparently Greece has warranted this assistance by promising to cut the public sector workforce and to increase taxes. But I am led to believe that only 40% of the workforce in Greece actually pays any tax and a good proportion of that number has to be employed in the public sector. On top of this the recession in Greece is apparently worse than expected (by whom?) and the earliest sign of recovery looks like 2013 sometime. So a fewer number of workers in the country are going to pay more tax. At best, no change there.
With the rubbish piling up on the streets in Greece, as public sector workers go on strike (once again) I cannot help but feel that it is like an enormous halting site with the government indulging in metaphorical welfare fraud on a massive scale. Speaking of metaphors I could not help thinking of the situation when I came across this image.
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