system
Given the following post, respond as if you're commenting on Reddit:
human
The financial crisis in Greece

All questions relating to Greece and its financial situation is to be posted here.
gpt
Greece spends a ton more than they take in and has racked up an insurmountable about of debt, mostly by providing welfare and government services they can't afford. Now at the very least they will be forced to start acting/living like the poor nation they have turned themselves into. But the people are reluctant to make the change within their government. They have continued to elect people who promise them they won't have to make the necessary painful cuts. But now the EU and IMF may make that decision for them...

Nations like the US can continue to spend money when we can't afford it because world lenders believe they will eventually be paid back with interest. The world has lost faith in Greece and they could be cut off. This is a problem because their economy and government expenditures are completely out of wack. Without the ability to borrow they will have to institute austerity measures and completely ruin their currency/international trade leverage and could enter a spiral to poverty.