Well, Greece makes $343 billion per year and owes $405 billion. Can we arguably say that a bailout will get them out of the hole? Well, according to Dave Ramsey — radio personality, author and personal finance guru — the data from his world of personal financial advice is not encouraging: Most people who consolidate their debt are back in trouble within two years. Mr. Ramsey also says that even with the bailout, Greece will still be spending more than it earns. He says Greece needs to have a fiscal awakening before it can start to pull itself out of debt.
Thus, even after the crisis... what else does it take for Greece to realize this problem?
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