Monday, September 19, 2011

Orderly Default in Greece

[from CNN Money on Sept. 19]
".....FORTUNE -- The opportunity for debt-troubled Europe to avoid a disaster is shrinking. Fast. Over the weekend, Greek leaders struggled to agree to a set of radical budget cuts as the country approaches an October deadline to qualify for $11 billion in aid without which it will certainly default on its growing debt......"

Sorry oh great "Fortune" pundits, but I don't even think "austerity" measures are a good idea in the first place. I don't believe in the budget-cutting thing. How radical of me.

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