Monday, November 7, 2011


Worries about Greece’s future are front and center yet again, as Greek Prime Minister George Papandreou gets ready to announce his resignation on the condition that Greece’s €130 billion bailout gets approval. That’s just another reminder that the crisis is far from over. It’s unclear who will take over from Papandreou but it appears a coalition government will be created Sunday. And in four months, general elections will take place.

The immediate threat in Greece has passed. But the crisis is far from over.

The Greeks could decide that they’ve had enough of Germany and France telling them to cut their retirement benefits, make people work longer hours and raise taxes. They could simply say they want out. Read more...

No comments:

Post a Comment

Everyone is encouraged to participate with civilized comments.