At risk of a Greek fate

Townsville Bulletin - - OPINION -

I NOTE a few arm­chair ex­perts have re­galed the editor with their pen­e­trat­ing anal­y­sis of the Greek tragedy.

How­ever, note this well, Greece had a per­fectly re­spectable monar­chy un­til it was over­thrown by the Greek junta.

The fall of the junta led to the rule by La­bor- like loonies in the form of the Pa­pan­dreou fam­ily, who plunged the coun­try into debt with an out­landish wel­fare sys­tem.

The same fate awaits Aus­tralia if the Fed­eral and State Gov­ern­ments don’t re­duce wel­fare fund­ing and re­turn the coun­try to sur­plus. I note the three lo­cal La­bor ami­gos wrote a grandiose let­ter some time back guar­an­tee­ing the re­moval of the state deficit. Don’t be­lieve La­bor on this.



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