Cutting Back: Anatomy of Greece's Debt Crisis

A wakeup call for Greece and the euro. WSJ's Andy Jordan and Joe Parkinson report from Athens on the threat of a potentially contagious debt crisis and the moral hazard of bailing out a country with bad fiscal habits.

More from the Wall Street Journal:

[C_R_O_M________]

When the Greek laws are actually implemented Greece will no longer have problems. Laws presently are not enforced. Nobody is controlled or checked. All relevant mechanisms are ineffective and/or corrupted. The current situation in Greece is generally founded upon this deficit of law enforcement. Now things have entered the narrow side of the funnel and hopefully some will realize that this is a stalemate (and I'm not talking about the politicians)...

[MWcrazyhorse]

@RightWingTV ye but this is not the Fed. The E(s)ZB is not private but a banking organisation consisting of the member states national banks.
fail. sry.

[DontHaveTheKey]

Greece is too expensive for tourism can go much cheaper to Bulgaria, Turkey, Egypt,

[litwriter]

What does textile workers who haven’t been paid for over a year now mean? After a year with no wages, they’re still working? They’re still on the job? One such woman is sad because she cannot give her college student daughter pocket money? After a year with no wages, I’m surprised she still eats. There must be more to this statement than is explained here.

[SEAWEEDER]

this will only be the death of the greek tourist industry, With prices rising you won't get a lot for your euro. I love Rhodes town but this year will have to look else where for my holiday but with most countries having financial problems it might just be a tent in a feild this year.

[roothik]

You are confused. I am not representing Greece with my comment, nor am i denying the fact that Greece ows money to german banks and that it has been living beyond its means. I am actually not talking about any of this things...
I am just pointing out the debt-paradox in general and that every country in the world is in debt, which would mean that every one of them lives financially beyond their means...

[tanzanos]

Only 7 golf courses? Who cares? Since when have golf courses been an indication of a country's economic status???

[bobbful]

HELLENIC PRIDE sounds like GAY PRIDE to me...

[roothik]

What has your response to do anything with my comment?

[jakeGr]

Fuck money...im proud of my nation...if anyone has problem with hellas, come to talk face to face

[KingScorpio]

u will eiter save and cut your budget or the turks will take the agais away from u and exploit its oil