Hurray to Greece for waking up to the old adage, act in haste, regret in leisure. The idea of a referendum is absolutely right. May I go so far as to say that it is possible that this was all cooked up together last week and no surprise to either France or Germany...It buys time...It keeps the "markets" from setting the agenda...after all who are the markets...sure pension funds and savings...whose savings...and who are speaking for those savers...investment managers who have not covered themselves glory thus far when it comes to serving the public good...There is no rush. Let's see how it all pans out. Certainly debt is too high...let's make sure everyone knows it...but let's not panic everyone into paying up tomorrow...when we could just as easily pay up thirty years from now...what difference does 29 years and six months make to the affairs of man.
Gray Dourman
www.magichelix.com
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