In an effort to deflect the Greek government’s unconscionable irresponsibility, Greece’s Prime Minister George Papandreou told CNN he “is considering taking legal action against U.S. investment banks that might have contributed to the country’s debt crisis.”
Really? So let me get this straight. Greece has been borrowing money from other countries and spending more than they were making in tax receipts, yet they want to pass the blame onto US banks? They are receiving bailout money from the US and they want to sue us? Give me a while plate to break.
We all know political rhetoric is the art of lying and blame-shifting. But President Obama needs to tell Papandreou to go screw himself. The Prime Minister is correct that US banks should be shamed for their crimes, but US banks did not dictate Greek fiscal policy to take money from others and blow it. Moreover, the Greek government’s attitude toward borrowing and spending is much like that of US consumers who leveraged their homes without care for how they’d pay off the loans.
Seems to me Papandreou and his colleagues need to look in the mirror. Time to face the facts, buddy: you are the only ones responsible for lying to your citizens about how your entitlements worked … now go put out the fires you started.