(Syndicated to Kansas newspapers July 13, 2015)
No, it’s probably not often that state employees or food prep workers at public school districts in Kansas pay much attention to Greece, except maybe wondering whether they’ll ever be able to afford a vacation to the historic European nation.
Well, that’s changing…at least for the next month…while the economic problems of Greece have a pretty direct effect on the solidity of those employees’ pensions.
What do Greece’s economic troubles have to do with Kansas pensioners? It’s what happens to that over-borrowed economy, and international bond traders’ views on whether Greece is going to go broke, and by implication, make it impossible for Greece to repay its borrowings from the European Economic Union.