Wednesday, July 01, 2015

Greek Collapse

When I worked at Catholic Charities, we used to get lots of elderly customers coming in for food who had too much month and too little money. When I saw the scenes below from Greece on YouTube and lots more like them elsewhere, my heart went out to these people.

It's going to get worse before it gets better. Since they chose not to have many children, there aren't a whole lot of young Greeks to take care of the elderly. Without pension checks, they're going to suffer a great deal.

When I was in Russia about 16 years ago, there were lots of elderly people begging on the street. Looks like that's coming back into fashion in Greece.

I could make snarky comments about the progressives and how they've excoriated "greedy" people like me for voting and arguing against welfare programs and big pensions, but these images are too sad for that. Suffice it to say that this is what happens when you separate earning from receiving, at least at the macro level.


Trigger Warning said...

KT, even if they had more kids, the kids would be unemployed or selling Chinese-made Parthenon key chains and Santorini place mats in some ripoff Plaka joint.

They problem is those old guys in the picture, and their kids, spent all the money for the next 50 years.

They should have a yard sale.

Rose said...

Is it true that they can get around the limits by crossing the border and withdrawing money there? The limits are only in Greece itself? Or only Govt. Greek banks in Greece itself?