After receiving a $145 billion bailout in May 2010, Greece is now seeking a second larger bailout from the European Union (EU) and the International Monetary Fund (IMF). Here we go again. Of course, throwing even more money at the European welfare state won’t solve its problems. The Greek government created their own problems by rapidly expanding the welfare state over the past couple decades. A second U.S. taxpayer-financed bailout of Greece will only make the debt situation worse in the long-run.