Thursday, February 18, 2010

Irish and Swedish join chorus of countries seeking austerity for the Greeks - Credit Writedowns

Irish and Swedish join chorus of countries seeking austerity for the Greeks - Credit Writedowns

Two points:

  • The obvious An economic recession is no time for austerity.
  • The practical The Greeks ain't going to accept no austerity. They will turn to organized crime for financing much as so many cash-strapped people are nowadays. Got it?

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