Debt talks are to resume on Wednesday in Athens, Greece.
Greece has been the focal point of much criticism, scorn and anger (by some; Germans) because of their increasing debt which is now threatening to destabilize (already has) the euro-zone.
Too long – some would say – have the Greeks lived a carefree and irresponsible life. The inevitable bankruptcy is only right/fair/natural – some would say.
What does this mean for the entire region though? The entire euro-zone is facing challenges; just last week Standard & Poors downgraded nine governments due to their debt levels and banks throughout the region are hoarding their money (leading to increased cost of borrowing, less people doing so, less people spending money and the irresponsible, poorly thought out spiral into inevitable demise continues).
How does one fix so much damage done on such a massive scale? Is it even fixable? Some might argue that we are all too far beyond the point of no return; trying to fix a system that has been broken for so long is an exercise in futility. Some would say.
The European movers and shakers are also well known for their lack of actually moving and shaking things. Slow progress is progress after all. As talks resume, all one can really do is wait with baited breath and hope for people to agree on something, anything. Just agree that the current system is broken and we must all find a new way to progress as a species.
For the Reuters story (and the source of my image), take a look over here.