Billionaire investor George Soros has criticised international authorities for “not providing a solution” for the European debt crisis as Greek sovereign bond yields were pushed to record levels again.
Mr Soros, who spoke out as European finance ministers met …[Tuesday] to discuss the crisis, said the officials were “basically buying time” rather than tackling the problems. He added: “This is the normal thing for authorities to do. In this case, I’m afraid they are making a mistake.”
Why should other nations be obligated to ‘bail out’ Greece and ‘solve’ Greece’s problems when Greece refuses to modify its ownj behavior in order to solve its own problems?
Here’s a tought–Soros could quit manipulating the oil markets so that gas prices would go down. That might help the whole world.
I have a question. Has anyone yet read anything about the Greek Orthodox Church’s response or place in this crisis? I have heard from those I know who have spent time there that the Church has been (to a degree) complicit in the financial mis-management, but I don’t know if that is true or to what degree the Church is a part of the civic response to the crisis.