Sunday
"Will militant unions derail big fat Greek sell-offs on the rocky route to recovery?" sayeth the Telegraph.
Well anyone buying Greek infrastructures with private money deserves everything they will get... it would be easier and probably less stressful to just flush the money down the toilet and call it 'performance art'.
Leave Greece to circle the drain as a prime example of Mencken's observation "Democracy is the theory that the common people know what they want and deserve to get it good and hard".
Greece will just be the first of many as the vast ponzi scheme that is the 'welfare state' reaches its climax set to Bouzouki music playing faster and faster...
"...it would be easier and probably less stressful to just flush the money down the toilet and call it 'performance art'."
Don't knock it - at least that way you might get a return on your money in the form of a grant.
Posted by Natalie Solent at July 3, 2011 07:00 PM
I thought that the Greek Govt had already pitched 50 Billion worth of sell offs to a group of Hedge fund managers in London only last week, and not one of them bought anything, not even a snowstorm Acropolis paperweight?
Posted by RAB at July 3, 2011 09:32 PM
I thought that the Greek Govt had already pitched 50 Billion worth of sell offs to a group of Hedge fund managers in London only last week, and not one of them bought anything, not even a snowstorm Acropolis paperweight?
I wouldn't buy anything from Greece that couldn't be shipped out of the country before they voted to appropriate it.
Posted by Eric at July 3, 2011 10:41 PM
For once BBC radio had a guest worth listening to - Jim Rogers (a couple of days ago).
He pointed out the obvious - obvious, but never mentioned.
Even if the Greek government faithfully and honestly puts into effect every condition the E.U. and IMF have set (rather unlikely) the Greek govenment debt will still get WORSE every year.
Yes WORSE.
Posted by Paul Marks at July 4, 2011 10:22 PM
