Friday, March 5, 2010

Hilariosity (Strangely) of Peloponnesian proportions

This is the funniest thing I have ever read in the context of modern international history of economic crisis.

German politicians are asking the Greeks to sell their islands and/or artifacts in order to mitigate the current Euro and Greece crisis.
First, who would buy them?
Second, can you imagine Parthenon brought to you by Sanyo Electronics or Bharti Airtel?
Second, again, is it true what we want is a Greek island owned by Virgin Airlines?

Here was the Greek Prime Minister's response: “There are more imaginative and effective ways of dealing with the deficit than selling off Greek islands,” Mr. Papandreou said, according to The Financial Times. “We cherish these islands, and selling them would be out of the question. It would not help. It would be a one-off solution, and a viable economy means investing in that economy.”

Read more http://thelede.blogs.nytimes.com/2010/03/05/greece-wont-sell-islands-to-cover-debts/

We need to care about the Greeks and help them with aid to get them out of the Hellenic proportion crisis. If we can solve Iceland's problems, we certainly can exercise similar restraint and implement good EU regulations to help Greece short-term and long-term.

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