Greek election impasse heralds lengthy instability

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  • SME Kearns, UT
    May 7, 2012 6:46 a.m.

    ...form a government of the left that will cancel the loan agreements ...

    Greece is facing enormous difficulties and the people are upset about cut pensions and benefits. Problem is they don't have the money to pay for the promises they've made. It will be interesting to watch Europe, will other nations turn to the left as France just did? How will they pay for all of their promises without loans from somewhere, since so many nations (including the United States) are so heavily in debt? Troubled times ahead I fear.
    Its fine to say we'll cancel the loan agreements but then how will they pay for everything?