Sunday, November 6, 2011

Greece: Denial as an official policy

It would be tempting to view Greece's ongoing problems with some derision given its inability to act fiscally responsible or Europe's wrongheaded finance ministers and central banker. Denial is not an effective strategy. However the U.S. has been doing a rather good job of driving our own economy into a ditch. One whole side of the aisle would be better off staying home.

A very good synopsis of the Greek tragedy can be found in today's NY Times. Well worth reading the whole piece.  
 http://www.nytimes.com/2011/11/06/business/global/europes-two-years-of-denials-trapped-greece.html?_r=1&ref=business

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