tag:blogger.com,1999:blog-5882645467378797266.post2017830763768572061..comments2023-07-17T11:55:51.363+02:00Comments on ObservingGreece: Greece - three holes in a barrel!kleinguthttp://www.blogger.com/profile/12491174042954678023noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-5882645467378797266.post-54159308799610086592012-04-11T17:33:17.039+02:002012-04-11T17:33:17.039+02:00No, Greece is not the only country with 3 holes in...No, Greece is not the only country with 3 holes in the barrel. Italy, Spain and Portugal are the first other ones which come to mind but there are many others. <br /><br />I consider Greece to be different from the others because it is structurally such a hopeless economy (Italy, in contrast, is a highly industrialized economy). Only very significant structural reforms can bring back some hope for Greece and your guess is as good as mine whether this will ever happen.kleinguthttps://www.blogger.com/profile/12491174042954678023noreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-5417592683549234112012-04-11T15:39:55.673+02:002012-04-11T15:39:55.673+02:00I guess that Greece is not the only country with 3...I guess that Greece is not the only country with 3 holes in a barrel, don't you think? True, other have more cm above (for now). But only Greek bucket fixed is not enough for the whole EU.<br /><br />And greeks are in short supply of miracles now.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-5882645467378797266.post-23452701434367283852012-04-11T11:57:12.971+02:002012-04-11T11:57:12.971+02:00Too many Henry's in Greece, not enough Liza...Too many Henry's in Greece, not enough Liza's<br /><br /> Wenn der Beltz em Loch hat -<br /> stop es zu meine liebe Liese<br /> Womit soll ich es zustopfen -<br /> mit Stroh, meine liebe Liese <br /><br />In the original it's Liese who's the dummkopf. More recently it's Henry who knows not how to fix it, and Liza who suggests the remedies. <br /><br />The Greek Parliamentary elections are on the same day (6th May) as the 2nd round of the French Presidential elections.<br /><br />Design, good luck or misfortune I wonder.<br /><br />But by then I suspect all attention will be on Spain - 10yr bonds are nudging 6% and rising. How many more rabbits does Draghi have in his hat - 1 if he's lucky, surely no more than that.<br /><br /><br />CKCanutely Kinghttps://www.blogger.com/profile/07318977471631386327noreply@blogger.com