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Athens burns as Greek austerity bill passes

(Last Updated On: February 15, 2012)

Athens burns as Greek austerity bill passes

Monday, February 13, 2012Athens burns as Greek austerity bill passeshttp://moneybusinessshow.blogspot.com/?spref=tw

moneybusinessshow.blogspot.com

Greek politicians have just signed a “death warrant for the country” with their new austerity budget, according to John Taylor, Chairman and CEO of FX Concepts. “This is the fifth year of recession they are going into. Most…

 

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I do not disagree with John Taylor. What was the alternative for Greece? The only alternative was wiping the slate clean with a country bankruptcy. Due to the bureaucracy, it is almost impossible to set up a new business or division in Greece. New wealth creation is their major challenge.

 

NOTE I now post my TRADING ALERTS into my personal FACEBOOK ACCOUNT and TWITTER. Don't worry as I don't post stupid cat videos or what I eat!

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