The burden of debt is overwhelming country after country. Greece is in the headlines now but there are scores of others teetering on the precipice. The world may be on the verge of a mammoth financial meltdown more catastrophic even than the Great Depression.
The world is waking up to the importance of ‘fiscal prudence’ in running a nation’s affairs. But it is too late. Country after country has incurred debt which they cannot possibly repay, and if forced to try, as is being demanded of Greece,
