The Greek Grind

Port Macquarie imagesFelix Salmon notes the problem: an explosion of fictitious capital (149% of GDP “in a best case scenario”) with a possible fall in GDP of 12%!

Aurogra precio The FT had a piece today comparing Greece to California…of course, they leave out one huge difference – there is no serious left or labor movement in California while rioting Greek workers helped contribute to the panic on Wall Street last week.

Sierra Vista The EU bailout: Too much, too late | Analysis & Opinion | .