You might have thought things had changed in world financial markets since the U.S. subprime mortgage disaster. Funny that only three years later, the global financial system seems once again to be teetering on the brink.
Europe's political structure is also suspended between two stable formations: the federated nation state and the international alliance. This in-between structure is called a confederacy, and it is something that was tried and which failed in North America.
The problem now is that its not just the top echelons who are guilty of the damage done. The whole country seems to have followed the example of their leaders and jumped in to participate in the corrupt system, working it to their benefit.
Greece and its people take responsibility for their own failings and have launched an unprecedented effort to make them right. We will not, however, be held responsible for a global economic crisis, the roots of which lie elsewhere.