Greece In a Downward Spiral
Not my words, but those of Jason Manolopoulos in an article in The Times today.
This paragraph sums up Greece’s progress to get their economy in check.
The technocrats are nominally in charge and the EU elite is applying plenty of pressure on my country to accelerate reform, but they are discovering that the Greek system is almost ungovernable. It took Ireland just a few weeks to make more progress on cutting back their public sector debt than we have seen in two years in Greece.
And there’s a lot more in the same vein.
The article finishes by saying that an unplanned Greek default and return to the drachma would be catastrophic.
I think I may get hold of Jason’s book called Greece’s Odious Debt.
Everybody else should get hold of today’s Times and read the article, as it has a lot of repercussions for us all. For instance, he claims that the IMF is breaking its own rules, by lending to a country whose debt is above 120% of GDP. nd who’s funding the IMF? We are for a start!
Joan Collins on Men and Sex
This was from the Evening Standard last night.
Joan Collins is a minx. Asked by Shelf Life which literary character she would share a bed with, she picks Gone With the Wind’s Rhett Butler “for sheer macho magnetism”. And what book would she give to a lover? The Joy Of Sex.
Joan certainly doesn’t pull her punches.
The Anonymous Widower 