Greece is living out its worst nightmare

Saying something and actually experiencing are two very different things. The Greeks have been forced to adopt austerity measures. This sounds good in papers and has actually led global markets into a heady upswing. But for the ordinary Greeks, there is nothing to cheer. Heavy pay cuts, short supply of medicinal drugs, higher taxes, lower pensions, are just some things that they have to make do with. The worst part is that there is no respite in sight. The country is in one of the worst recessions ever. Its downturn has lasted twice as long as the average economic crisis. The huge mountain of debt that Greece had taken on, has now come back to haunt them. The country is literally living out its worst nightmare. But then this is what happens when you stretch yourself beyond your means. And it is common knowledge that Greece had stretched itself out too thin. Though the Eurozone has been bailing it out time and again, the point is till when can this continue? So should Greece be allowed to default and quit the Euro? The Eurozone does not wish to think of this possibility as of now. But eventually they will have to.