Europe crisis right in front of the face. Do any of world leaders be honest to it.

Europe crisis right in front of the face.

Do any of world leaders be honest to it.

17 country as a union in Europe, Greece is the worse one hopeless, how bad it is. Every one knows. Debt is too big and it is no future can be expected.

As Greece wished, all old debt should to be full forgiven in order to re-arrange their country. But no one want to say Greece prefer to go in bankrupt instead of the only 50% forgiven. In the other word. Greece want borrow new money to re try if they can make it in the future. And all the money they borrow is only cover a little portion of old debt if they have to take care old debt.

The mistake come from how the old debt build up. The mistake is mistake and it is also the mistake can not make it up. It just like you buy a out of money call option or even when you bought the in the money call option turn in to out of money since price sharp drop. You have to cut it out instead double down the same call option to balance it out.

Greece know exactly what happen. But the union can not face to it. During long discussion. The one trillion new help money combined with 50% old debt forgiven is set just give one day hope for the whole world. Then the reality start re talk about. Actually it will be no answer for the old debt at all.

How about political decision. What are the leaders of Europe union can do? They just keep lie to them self. That is why only forgiving 50% which look like big cut and union showed stay together to help.

Use debt to take care debt, what a stupid solution. The whole world doing the same thing again and again. Not because no one knows but just because no one want to be honest to face on it. Even they like to do so, but they don’t want to do it.

Some one already said this debt problem like cancer. It is cancer. Either you chop it off to live longer or pray to die little slower.

Why all the leader don’t want to face the debt honestly. Because it is hurt, it is really hurt. Check out Chinese history. during 1958 to 1960, china try to pay back the big debt to Russia, the whole country have to cut all budget and expense down to every individual. There is not enough foot can eat. People eat tree bark, grass to keep alive. So many people died back then, but Chairman Mao did it. Because he is not only won’t give up on it but he can face it honestly. His people not only won’t give up on it but can face it honestly with him. To compare with it. What the western people do. The Grace government try to cooperate with the Union. But his people go on the street complain paycheck being cut. What those people thinking? Unbelievable selfish, unbelievable brain less. And all the leaders not lead people to face it honestly at all.