Greek Default Is Just A Matter Of Time

[Mr Lee]

I wonder how this will impact the rest of the world? How much longer before other countries default as well because the debt is unsustainable in many countries, including the US according to economists? NEW YORK (CNNMoney) -- It was once unthinkable but is now widely expected: Greece is headed toward default.Not if -- but when. The rest of the story HERE The snowball is rolling, I hope someone can find a way to stop it before it gets too big. The rich, be it countries or people, cannot keep bailing out the poorer ones who refuse to do their share, keeping financial order is every countries and persons responsibility, and cannot just fall on the shoulders of those who are fiscally responsible. This will not end well if more people/countries are fiscally irresponsible than those who are fiscally responsible. That seems to be the trend lately. Greece, Portugal and Ireland are on life support. Italy and Spain are exhibiting worrying symptoms.