Be careful out there, folks. The Greeks can borrow again.

Greece has successfully completed a three-year eurozone emergency loan programme worth €61.9bn (£55bn; $70.8bn) to tackle its debt crisis.

It was part of the biggest bailout in global financial history, totalling some €289bn, which will take the country decades to repay.

Deeply unpopular cuts to public spending, a condition of the bailout, are set to continue.

But for the first time in eight years, Greece can borrow at market rates.

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The economy has grown slowly in recent years and is still 25% smaller than when the crisis began.

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While Greece’s economy has stabilised, its accumulated debt pile stands at about 180% of GDP.

As an American in a country with a $21 trillion national debt, I should really resist the urge to cast stones. Glass houses and whatnot.

As a side note in relation to the post below about the upcoming school referendum in West Bend, the district currently spends about $70.5 million per year from the general fund and another $26.5 million per year from other funds. Total, that’s about $97 million per year. If we equate the school spending budget (economic output) to GDP, then the current debt load for the district is about 134% of annual budget. If the referendum passes, the total debt load for the district will be about 222% of annual budget. Smart? No.