The End of European Greece?

“Greece is about to learn whether a modern state can withdraw entitlements that people have come to take for granted but which the government no longer can afford. … From the outside, the Greek sense of entitlement is often misunderstood as a desire for some kind of lazy lifestyle. In actuality, though, most of the government and union workers raising hell in the streets work hours as long as any American blue collar or office worker; many of them, in fact, work two jobs—at a bank or ministry in the morning, driving a taxi in the evening. What Greeks have treasured for decades and are now contemplating losing is the kind of job security that most Americans surrendered in the 1970s.”