Greece

The Greece problem was one of the uncertainties during the correction that began in Jan. It has now surfaced again. Reuters reported that the Greek Prime Minister George Papandreou warned on Friday his country was one step from being unable to borrow and appealed to labor unionists to support his efforts to escape a debt crisis shaking the euro zone. 

The man seems unable to be take responsibility for his country’s problem.

From the Telegraph:

Mr Papandreou said speculators were the cause of his country’s woes and demanded that Europe “put the loaded gun on the table” to deter attacks by hedge funds. This argument is starting to irritate Berlin, where it is seen as a ploy to absolve Greece for responsibility for its own troubles, and to circumvent legal restrictions on EU aid.

The man also has a warped sense of reasoning.

From Business Insider:

Greek Prime Minister George Papandreou has been making statements that reveal a frightening sense of entitlement to the wealth of outsiders. He has said that the markets must be tamed by democracy, which we take to mean that he thinks Greek politicians have some metaphysical right to borrow the world’s wealth at low interest rates. In particular, he seems to share the view of many Greeks that the wealthier European countries—and Germany in particular—just owe Greek money. Which is a very strange attitude for a the country with the world’s highest debt-to-GDP ratio.

The man is adopting the ways of terrorists as well.

From the Telegraph:

We have the worst of the IMF and none of the advantages. This is where Europe must come in and provide what the IMF can offer. Or Greece will have to go to the IMF. We hope that will not be necessary,” he said.

I prefer a European solution as part of the eurozone, to show the world that Europe can act together. This is not to ask for money but to have an instrument on the table to stop the speculation. We expect the EU to live up to the challenge facing it. We are a eurozone country,” he said.

The Business Insider explains why this is a terrorist act:

So what’s the problem? Why might Europe be scared into caving to Greek demands? Because if Greece goes to the IMF, some believe credibility in the euro would be shattered since it would be seen as unable or unwilling to support its member countries when in trouble.

The Greek Prime Minister seems to be a really exceptional man.

[Via http://unprecedentedtimes.wordpress.com]