Character Flaw was Always an Important Theme in Greek Tragedy

"There are many lessons for America in the current agonies of the Greeks. Perhaps the most important is that there is such a thing as “national character”. The Greeks collectively are mercurial, spendthrift, comparatively unproductive, and have an unearned sense of entitlement. They feed on past glories while doing nothing to ensure future prosperity. The dodge taxes as though it were a national sport. They take alms as if they are earned wages, and then complain that the money isn’t enough. They lied their way into the Eurozone and now resent the consequences of that lie.

"The “prosperity” they achieved with the Euro was nothing of the sort: it was simply a mad borrowing binge, and all that borrowed money must now be repaid...in one way or another. Debt, by itself, is morally neutral -- but debt incurred in service to weakness, vanity, and vice is most assuredly not moral. Immorality that goes unpunished or ignored leads to decadence; decadence leads to societal rot. Fiscal improvidence is a symptom. The disease is a deficit of national character.

"I have pity for individual Greeks who, through no fault of their own, are held hostage by the wastrels among them. But so many of these stories you read show the defects of the Greek character: a sense of entitlement, of grievance, of inchoate anger at their creditors, a lack of appreciation for cause and effect. Read the comments from the Greeks -- they have no plan to recover the situation, no actual belief in change. Their only hope seems to be that the world will somehow keep giving them money even though they produce nothing that the world wants.

Hat tip - Ace