Hello everyone,

Thanks for the comments about the post - they are much appreciated. Several commentors ago someone pointed out that Greece shouldn't be the only nation blamed. I apologize for any hint of slant. My intention was to highlight that this was a European sourced problem that confronts the entire globe. In fact, in the very first paragraph I stated, "Most commentators trace the beginning of the European sovereign debt crisis to 5 November 2009, when Greece revealed that its budget deficit was 12.7% of gross domestic product (GDP), more than twice what the country had previously disclosed. However, the real origins of the crisis can be traced to the very structures that govern Europe’s institutions..."

Additional language to that effect is: "Thus the European sovereign debt crisis is truly a European crisis, and not just a crisis for the Greeks to resolve." This statement comes after a lengthy explication of the pertinent facts, as I see them, in which Greece is only the worst amongst a suite of bad actors.

Nonetheless, I appreciate the opportunity to explain my point of view to a fuller extent.

With smiles!

Jason