The problem really was cutting spending in a recession. What they should have done was break away from the Euro and devalue their currency, which may happen anyway. Europe did not want them to do that since the big European banks held the Greek bonds. Iceland told Europe to go stick it where the sun doesn't shine, and is doing much better, but the big corporations that control the media don't want to give you ideas. Using strategies of the rich people and corporations, I myself able to remove 90% of my debt that was owed to credit cards. http://crazyemailsandbackstories.wo...l-revolution-still-not-in-the-news-backstory/
Also, Iceland threw the corrupt bankers in prison. I don't remember once person in the USA going to jail for what the banks did to us, instead the tax payers bailed them out. http://www.bloomberg.com/news/2012-...tences-ex-byr-savings-executives-to-jail.html