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disguised unemployment

- an economist looks for a calling in betting on sports

Sunday, May 02, 2010

If Greece was a Corporation....

dodgy accounting, excessive leverage, union trouble, unclear access to lines of credit - sounds like one in need of a bailout.

Greece’s fiscal woes would be serious but probably manageable if the Greek economy’s prospects for the next few years looked even moderately favorable. But they don’t. Earlier this week, when it downgraded Greek debt, Standard & Poor’s suggested that the euro value of Greek G.D.P. may not return to its 2008 level until 2017, meaning that Greece has no hope of growing out of its troubles.
Posted by Nitin at 5:23 pm
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Nitin
I'll mostly be posting on sports spreads in addition to company / stock analysis and general economic commentary
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