Thursday, November 17, 2011
Greece lightning
Greece seriously needs good leadership. Just when the world thought there could have been some reasonable state of stability in Greece and the Euro crisis, the world was reminded of how inept Greece's prime minister George Papandreou can be. The idea of having his citizens vote on whether they want to put in place a plan that will higher their taxes and basically make their lives worse, was absolutely crazy if he wanted to somehow avoid even more economic turmoil for the EU. After decades of terrible economic policies in Greece, new leadership is needed clearly in order for them to get back on track towards a more fiscal responsible future.
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I thought it was interesting how the article focused on the markets and investor confidence side of the crisis in Greece. Clearly something needs to change to keep confidence and the markets up, but its tough to say what that something should be.
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