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The Financial Collapse Of Greece Is A Good Thing…


The always interesting to read Jacob Heilbrunn has an interesting perspective on the financial collapse of Greece: it might be a good thing for America. He makes two interesting points. I will let him explain it:

“Is there a silver lining in the collapse of Greece for America? Actually, there could be silver linings. One might be the collapse of the Euro and the European Union. Looked at from a realist perspective, it would perhaps not be a bad thing to see a big economic contender go under as a unified block. America would continue to play off European countries against each other. But perhaps the most salutary lesson is the example of chaos in Athens. The cradle of democracy is rocking wildly. Paul Pillar today excoriates the GOP for playing fast and loose with the budget. But what happens if outlays are not cut? Many Americans, especially independent voters, are frightened that Greece is an augury for the United States. Might not the truth be that the collision between the Democrats and Republicans is the necessary condition for reaching the painful sacrifices that will be necessary?”

You can read the full piece here.


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