Föhrenbergkreis Finanzwirtschaft

Unkonventionelle Lösungen für eine zukunftsfähige Gesellschaft

Archive for 9. Mai 2010

The Greek Economy Explained

Posted by hkarner - 9. Mai 2010

Date: 09-05-2010
 Source: The Wall Street Journal

A warning for Europe, Albany and Washington

The Greeks are giving the world a good taste of their modern politics. Periclean democracy, meet Athenian mob rule: Tens of thousands are rampaging through the capital and other large cities this week in protest against €30 billion in austerity measures needed to secure the €110 billion bailout for the bankrupt country.

The nationwide strike—led by government-employee unions, which threaten further disruptions after parliament yesterday approved the rescue package—was a timely show for Greece’s prospective rescuers in Germany and at the International Monetary Fund. The medicine for Greece’s deficit and debt woes (at 13% and 124.9% of GDP, respectively, and rising) won’t go down easily in Athens. We continue to think the country needs to restructure its debts and adopt wholesale economic reforms. Den Rest des Beitrags lesen »

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Root Canal Politics

Posted by hkarner - 9. Mai 2010

Date: 09-05-2010
 Source: THOMAS L. FRIEDMAN, NYT

DEATH NOTICE: The Tooth Fairy died last night of complications related to obesity.

Born Jan. 1, 1946, the Tooth Fairy is survived by 400 million children living largely in North America and Western Europe, known collectively as “The Baby Boomers.” “We’ll certainly miss the Tooth Fairy,” one of them said following her death, which coincided with the 2010 British elections and rioting in Greece. The Tooth Fairy had only one surviving sibling who will now look after her offspring alone: Mr. Bond Market of Wall Street and the City of London. Den Rest des Beitrags lesen »

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