Is Greece going to set off the long feared next wave of the Great Recession?

The taxpayer is screwed "both" ways; it's rape by any definition.

I assume that Bay has never actually told anyone to “chill” or “relax,” as those are pretty much the most incendiary words you can say to an upset person. Fan reactions were overwhelmingly negative on Twitter and Facebook yesterday, and one of the voice actors from the original 1990 movie even spoke out against Bay’s plans. Robbie Rist, who voiced Michelangelo in the first live-action film adaptation, posted an open letter to Bay on his Facebook, saying that Bay is “sodomizing” the first set of movies and causing “the rape of our childhood memories.” Oooo-kay, Robbie: Chill.

One third of Greek land is on sale,” the report quoted Panos Protopsaltis, head of the Privatization Program of the Hellenic Republic Asset Development Fund, as saying.

The organization is offering some 50 billion euros worth of assets for sale, and hopes to generate nearly 19 billion euros in cash by as early as 2015, the report added.

What that will end up doing is depress the real estate market, and those who own homes and property now will pay the piker. It's about supply and demand; no demand, and prices will sink to their lowest level.

If I were a Greek citizen at this point I would be saying "**** Europe, we are not selling our nation off in a fire sale at rock bottom prices to pay the banks...**** the banks too".

When you post on social media, you're the one who opens up yourself to ridicule. Quit your bitch'n until you're able to post common sense opinions, and I can tell you that ain't gonna happen in your lifetime.

You lack common sense.

You never to seems to learn; there is no line. Economics is always in flux, and no export economist can predict the future: NONE.
It seems you believe you're an expert. Divorce that idea: you are wrong 100% off the time.
Try to learn that reality, but in your case that is utterly impossible.

I guess Greece has 4 months "grace" for paying their debt.

It is only “a matter of time” before Greece is forced out of the eurozone, the former US Federal Reserve chairman Alan Greenspan forecast. The prediction came as the UK chancellor, George Osborne, said Britain was “stepping up” contingency planning for dealing with any escalation of the crisis.

The former US central bank chairman said it was hard to see any other final outcome of attempts by the new leftwing Syriza government in Athens to renegotiate the terms of the country’s €240bn (£179bn) international bailout.

“I don’t see that it helps them to be in the euro, and I certainly don’t see that it helps the rest of the eurozone, and I think it is just a matter of time before everyone recognises that parting is the best strategy,” Greenspan told BBC Radio 4’s The World This Weekend.

Not yet they dont, and it is 4 months to come to agreements that they claim that they want to keep on paying their debts, they now claim that they will not keep previous agreements.

While domestic and international observers prefer to lay blame for Greece's ongoing economic plight at the feet of failed leaders, Greek officials are not solely responsible for failing to implement reforms. Greek culture and deeply embedded ideas about the role of the state are also important factors. Every time the government attempts to limit tax evasion and increase revenues, Greeks demonstrate strong antipathy towards paying their fair share. Many resist the notion that they should pay more taxes than before or even that they should pay taxes at all. A long history of ineffectual government has reinforced cynicism about civic community obligations. And this cynicism, in turn, starves the public sector of resources needed to deliver services that could prove it worthy of public investment.