Wednesday, June 29, 2011

There is another angle


I can't help but feel sorry for the Greek people.
That probably sounds strange because in reality they need to wake up and join the real world but to be fair to them they have been massively let down by successive governments who have thrown money at them in order to keep them onside and in line.
They have come to expect and demand an unrealistic way of life funded over many years by lying governments. Governments that have never cracked down on corruption or attempted to balance the books.
In 1980 after a Mediterranean cruise by our president, I was told by my company (an American bank) to examine the possibility of opening up an operation in Greece.
'Great,' I thought, 'an all expenses trip to Greece swanning around the capital in five star luxury (expenses were good in those days).'
'Oh no,' I was told, 'you can't spend any money, you have to do it from Leeds.'
WTF?
Anyway after a couple of weeks of research, without so much as a drop of ouzo or suffering any sunburn, using amongst other things Leeds Reference Library I produced my report.
Needless to say the report was negative and even now I remember my final sentence. "I think that there is about as much chance of us opening a successful operation in Greece as there is of the Ayatolla Khomeini leading the American athletes, carrying the US flag, at the next Olympics."
How right I was.

6 comments:

  1. The thing is, if you could see it coming, why couldn't those that could do something about it see it before they got themselves into deep whatsit?

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  3. The scary thing is that the European powers at be wanted the euro to be so all inclusive, they clearly didn't do enough homework back a few years when Greece joined it to determine that their fundamentals were all wrong. As you say, their public sector has been living on borrowed time for years if not decades. I see a new drachma coming.

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  4. Jean, I firmly believe that eurocrats are a total and utter waste of space and as Craig says they didn't do enough homework in the first place. Clearly their fundamentals were all wrong.
    Craig, I got an email with the original post. I always thought that I was spelling it wrong! I'd say that you got it right first time.

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  5. My first reaction was that it was funny but then I wondered if it may offend you! I'm such a wuss!

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  6. I thought that it was hilarious. More fool me for not anticipating the obvious comment.

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