“Spring being a tough act to follow, God created June.”
Al Bernstein
American sportscaster
June is the month – at least in the Northern Hemisphere – of the summer solstice, the day when the sun reaches its highest point. Subsequently, the sun retreats south. Days shorten, until six months later we experience the longest night of the year, the winter solstice. The calendar is a reminder of the ever-changing world in which we live.
For Greece, of course, the sky turned darker as the month wore on, culminating in a decision to close banks for a week. For years, it has seemed that, ultimately, the only answer is for Greece to abandon the Euro and then enter detoxification. (As of early this morning, it appears that Greece has, with conditions, accepted the terms of its creditors.) Nevertheless, Greece is addicted to spending what they do not have.