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May 23, 2010

Greek PM blames "speculators" for "attacking" Greece
Calls for transition to "green" economy as cure for ills

Stupid and misguided is no way to go through life.

Prime Minister George Papandreou stressed on Wednesday the need for a new “green” economic development model and closer international cooperation against speculators.

...“The focus on green economy is no longer just a case of sensitivity towards the environment, but an issue of creating a sustainable economy also,”...
“Due to the experience of the ongoing economic crisis, we realized that a closer international cooperation is needed to develop forward-thinking energy policies, as well as face the speculators who now attack Southern European countries,” Papandreou said...

This pommy imbecile is casting about the same excuses Hugo Chavez did/does. Nooooooo, its not our fault for squandering crazy amounts of borrowed money we can't possibly ever pay back, its those other guys, the speculators. THEY are out to get us.

Equally depressing and nation dooming is the outlook of the Greek people themselves. Recent polling suggests they still haven't come to grips with the harsh austerity measures that would be necessary to pull out of the death spiral vortex threatening to destroy them completely.

An opinion poll released on Sunday showed that most of the Greeks have no confidence in the government's ability to handle the current economic crisis.

About 64 percent of the respondents said that they have "very little or a little" confidence that the socialist PASOK government could lead the country out of the crisis and into a better future, according to the survey conducted for the newspaper Paron.

Some 35 percent of the respondents said they do not trust the government's ability at all.

Some 55 percent of Greeks said they are not willing to accept any more austerity measures in the future...

With a 55% majority unwilling to accept the draconian measures necessary to pull out of this, it would seem Greece's fate is sealed. In the stages of grief they're still somewhere between "denial" and "bargaining" and have quite a ways to go before "acceptance".

My outlook for Greece after reading all this is very grim, much grimmer than last week. They're going to fail and default because they'll keep electing politicians who keep promising them (comparative) cake and circuses.

Seriously, who other than other sucker governments would loan them a dime with 55% of the public saying they won't accept the measures needed to ensure that dime would get paid back?

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