To the editor: Greece has been living well beyond its means for years, financing its lifestyle with borrowed money, and apparently believing, like in the parable of the loaves and fishes, that this could continue forever. (“Greece submits reform package,” July 10, and “A deadline for Greece,” July 8) At the same time, Greece's lenders were willing to finance this unsustainable behavior well beyond Greece's ability to repay because they were apparently convinced that Greece did not have the chutzpah to default on its debts and because they found the commissions and profits too tempting to resist.
Debt woes in Greece
