Wednesday 19 October 2011

Greece crippled by anti-austerity strike

Insanity: doing the same thing over and over again and expecting different results. Albert Einstein, (attributed)

 

Greeks appear to be really good at organizing strikes.  Aside from the economics of their budget/fiscal position, I’d argue that, in economic terms, the supply of strikes that Greece is willing to provide to the world greatly exceeds either the demand for Greek strikes or the utility of such strikes. 

 

But, if you’re a one trick pony… better keep refining that trick.

 

I just don’t see how that’s going to clean up the income statement or balance sheet. 

 

 

 

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