AMERICAN INVESTOR is a reader of FT LIVE BLOG on EURO CRISES. ThisBlog is absolutely superficial and has no knowledge of Greek and Italian enjeux. Furthermore they write from LDN desk.
Now if - and has the all rights- FT wants to free his hate against Italy pairs Italy with Greece...and hit non leftists protagonist, is totally free to act so.
But do not call yourself a "objective" newspaper. Murdoch's news of the world -at least - was ...outspoken.
Anyhow, AMERICAN INVESTOR replies in a very wise and balanced way to the "fashionables" news reported by FT.
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| November 8 11:13am | Permalink
Just months ago, Europe cheered rebellion in the streets of Cairo and Alexandria. And, just weeks ago, Europe sent armed forces to Libya to support rebellion. Yet, today Europe cheers when a technocratic Prime Minister, whom no one elected, is imposed by Greece’s elites on the People of Greece.To compound that irony, this new Prime Minister is being chosen first and foremost so as to impose an austerity that is opposed by 60% of the People of Greece. The difficulty he will face in doing so is highlighted by the fact that, even before he has begun, there have been rallies (and riots) in the streets of Athens against the very plan he is supposed to implement.
Does anyone in Europe really think that an unelected junta can succeed in enforcing such a plan on Greece in the face of broad public opposition and against the will of the Greek People? Those who are betting in the financial markets that this approach can save Greece and the Euro should not be shocked if their poorly thought out approach ends in disaster for both Greece and Europe.
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| November 8 11:22am | Permalink
When comparing the relative merits of Papademos, Diamandouros and Roumeliotis, how about raising the one qualification that really matters: picking a new Prime Minister who has sufficient stature and respect among the common Greek people so that he will be able to gain their support for the long, arduous road of austerity that lies ahead for them.Given the fact that roughly 50% of Greece’s economy is tied to the public sector, austerity is going to be devastating for most Greek families and for every Greek city and town. There will be years of deep suffering for millions of people.
Only someone who can gain the trust of the people of Greece can convince them that this path is the right one to save Greece and Europe.
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