Is Greece going to set off the long feared next wave of the Great Recession?

Fernando Pessoa wrote:
Everything is worthwhile, if the soul isn't small.

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I am 48 YO, too old for the investment of time onto a new language to be worthwhile. But our kids should be and are starting to learn Mandarin.

Well, I don't mind learning new languages and I'm a bit older than you.

I have a deep suspicion that you are a natural linguist. However hawkeye you might want to consider learning a similar language ...an European one..it is good for holidays and helps the mind.

What? Even when she makes you scrub the floor.

May 18, 2010: 8:24 AM ET


(Fortune) -- Greece must be feeling a little like Sisyphus these days. Saddled with mountains of debt and a 14% budget deficit, its path to recovery seems arduously steep, slippery and out of reach. But like Sisyphus, the king in Greek mythology who ends up getting to the summit only to see his cumbersome load slide back down again, Greece seems mired in problems even with a $145 billion bailout package.

Despite initial market giddiness over the bailout and displays of confidence from the IMF and Greek government officials that Greece, albeit bloodied, will manage the painful journey back to economic health just fine, fears that the country won't be able to push the boulder back up the hill are back with a vengeance.


The key concern: the measures Greece has been forced to impose are so severe and wildly unpopular that observers fret the government won't have the political will to see them through.

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The key concern: the measures Greece has been forced to impose are so severe and wildly unpopular that observers fret the government won't have the political will to see them through.

As I said Weeks ago......

Greece today is not the Greece in most people's minds. They are members of the EEC now.

Cop drenched in gasoline from a fire bomb last week. If that's a mock battle, I would hate to see them get mad.

As it turned out, what the Greeks wanted to do, once the lights went out and they were alone in the dark with a pile of borrowed money, was turn their government into a piñata stuffed with fantastic sums and give as many citizens as possible a whack at it...

I have never understood why a few top ranking police are not allowed to shoot dead rioters who attack with petrol bombs.

It is not for the likes of us to say what is or is not just.

Cop drenched in gasoline from a fire bomb last week. If that's a mock battle, I would hate to see them get mad.

....official rhetoric has turned once again to trying to persuade markets to ignore reality. Patrick Honohan, the governor of Ireland’s central bank, has labeled the interest rates on Irish government bonds “ridiculous” (meaning ridiculously high), and IMF researchers argue that default in Ireland and Greece is “unnecessary, undesirable, and unlikely.”