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One reason I'd prefer we not go the way of Greece

From Business Week, "Life Among the Ruins":

Stefanos Manos applauds the recent decisions to cut wages and raise taxes but believes more drastic measures are needed. "The average pay is two and a half times the pay in the private sector," he says. In his view, more must be done to create a competitive environment. "In Greece, you cannot rent a little truck to move your refrigerator," Manos says. "Why? To protect the truckers. You have to hire a trucker. You have to get a parking permit. If you sell your house, both parties have to have a lawyer—by law—to participate in the transaction, and they're guaranteed a percentage of it. If I want to give my house to my son, both he and I have to have lawyers. If Coca-Cola (KO) wants to take out an advertisement during a news program on TV, a percentage of it [20 percent] goes toward a pension fund for journalists. They have so much money in there that journalists don't even know or care how much money they have!"

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