The following article really gave me a serious fright : http://www.econoshock.be/2010/greek-crisis-is-just-starting/.
It concludes :
"The worrying thing about Greece is therefore the strategy of the ECB and the EU. They seem to think that time will make the Greek problems disappear. That not tackling the problem, and not talking about the problem will lower volatility and interest rate spreads. It is just a problem of speculation isn’t it.
The Greek problems are however growing every day. We are on the verge of a heart attack in euroland."
Are we really stupid enough to let a putrid boil burst open for the second time ? Or are our capo's so yellow that they dare not take the necessary measures before the circumstances force them to act ?
The future looks bleak indeed ...