More on why the Greeks are broke

When you can retire at 53 with a generous pension, why would you be upset to find out you might have to work a few years longer?

Greek government workers have received what are called "13th- and 14th-month salaries." That means they work for 12 months, but get paid for 14. Sweet deal, if it doesn't wreck your economy. Oh, wait. It does. So, Greece's back-breaking concession to get the European bailout is not to actually eliminate the 13th- and 14th-month salaries. Oh, no: These will not be Draconian cuts, despite the fact that Draco was Athens's original lawgiver -- they will merely be capped at a flat rate. Henceforth, government workers will get a flat 250 euro ($331) Easter bonus, a 500 euro ($662) Christmas bonus and an additional 250 euro "subsidy leave."