A Greek Tragedy?
January 14th, 2010 admin
The good news is that the snow has finally started to melt. The bad news is that the precipitation hasn’t stopped; we’ve just reverted to the usual miserable rain. Still, it’s said that misery loves company, and while there is tragically an all-too-real wellspring of misery in Haiti in the purely financial sphere there is plenty of unhappiness to go around as well. Greece, after enjoying a respite over the Christmas holidays (both Western and Orthodox) has come under the cosh once again, with yesterday’s rather unflattering ECB view of Greek debt restructuring proposals putting sovereign debt under pressure …
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