Sisters Successfully Sail to Seashore

Syrian sisters with scarves no less.

syrian_sisters

There is hope for these lucky girls who crossed the Aegean Sea on a dinghy and landed near the town of Mytilene, Greece.

One could grow up to be a Greek politician fighting for immigration rights.

The other could become a Greek nurse taking care of hospice patients.

You never know.

To get future posts, enter your email address and press the Follow button.  No junk emails will be sent.

Greece Is Like Lehman Brothers

Both Lehman Brothers and Greece were denied a bailout.

Specifically the United States Government and the International Monetary Fund (IMF) refused to bailout Lehman Brothers and Greece, respectively.

stop_bullrun

 

Unfortunately close behind were/are lots of other troubled and unstoppable financial organizations and debt-ridden countries.  [It is like trying to stop a bull run with your bare hands, oh yeah, and a red bandana.]

Countries like Italy, Portugal, Ireland, and Belgium all have public debt over 100 percent of their country’s GDP.  Japan is over 200 percent.  See the following for detailed statistics.

http://www.statista.com/statistics/268177/countries-with-the-highest-public-debt/

Unfortunately Greece had debt payments that looked like Mount Everest on a graph.

http://www.marketwatch.com/story/greeces-looming-debt-repayments-in-a-pair-of-charts-2015-06-02

The US Government and the IMF have been strict with Lehman and Greece, respectively.  Like the US Government, the IMF can be expected to panic with the next oncoming overwhelming group of debtors. 

To learn more about the Lehman Brothers bankruptcy, read this.

http://www.heritage.org/research/reports/2013/09/lehman-brothers-bankruptcy-and-the-financial-crisis-lessons-learned

Thanks