From the Top of the Acropolis: How Greece’s Economy Imploded

Propylaea

Steven Hill: When the true size of Greece’s deficit was revealed to the world, the bonds markets went berserk. The interest rates on Greece’s sovereign debt spiked to unheard of proportions, threatening the solvency of the government, and the rest is history.

Athens, Birthplace of Democracy

agora

Steven Hill: While democracy can be noisy and messy, and can sometimes result in confusion and inefficiency, if implemented fairly with the right institutions the human experience shows that it is capable of fostering remarkable things.

Related Posts Plugin for WordPress, Blogger...