Martin Walker – Walker’s World: Running out of ammo (United Press International)

Martin Walker. "Walker’s World: Running out of ammo," United Press International, March 8, 2010.

"There are four reasons why the Greek crisis is not over, despite the $7 billion it was able to raise last week in 10-year bonds paying a steep 6.3 percent interest.

Three of those reasons bode ill for the global economy. The fourth is that Greece’s domestic political crisis will continue for many years, with Saturday’s riots and tear gas in Athens just a prologue. Greece will this year cut its public spending by 4 percent, mainly through public sector pay cuts and delayed retirement."

Related posts