Blue Pill Wrote:
Jun 27, 2012 5:03 PM
Governments, like people, tend to do what's best for their own self-interest: whatever gives them the best benefit for the least amount of work. As long as the possibility of getting a bailout exists, countries like Spain will always choose that over making real reforms that would fix their problems. Get a new infusion of cash, kick the can down the road for a few more years, rinse and repeat. The only way these countries will turn themselves around is if the cash spigot gets shut off for good and they are left with no choice but to fend for themselves.