The most debilitating disease afflicting Greece is also present in every other western European country. They all have more and more people living off of an expansive social welfare structure, even as their workforce is aging, shrinking, and losing ground to global competitors.
Thus, the problem is now acute in Europe, but when the only one hiring now is our federal government with its gold-plated benefits and labor goodies, the U.S. is on the road to that we see in Greece. What will our government workers do when they lose the gravy train they are now on? It won't be pretty.