Arjun Parthasarathy has this interesting take on this ancient fable (ironically by Greek author Aesop) via blog post at InvestorsAreIdiots.com The European nations who have been playing while the world was working are struggling to come to terms with the issues facing them. The normal way of life with state support, low number of working hours, extended summer holidays and assured jobs is a thing of the past and the normal European is having tough time adjusting to the new environment. Jobs are scarce, government is bankrupt and people find they have to work hard for their money. It is no wonder that the Greeks and the French are rejecting austerity and it is most likely to spread to Spain, Italy and Portugal as well. However, rejecting austerity will not help the Europeans in any way and it is a long hard grind to come back to normalcy. ...India is also a part of the ant and the grasshopper story. In India the ant is the people who work hard and save money for the future. The governm...