Don't confuse hours 'worked' with working. I know many Greeks that will work when the boss is watching and sit when no-one is around.
Whenever practical, I buy made in Canada products. Unfortunately for many items we don't even have a choice.Buy American (Or Canadian in my case). If we all did that whenever possible, then the trend would slowly reverse. Alas, I doubt the masses will....
That is a 'people' trait. Not something that is exclusively attached to Greek working folk.Don't confuse hours 'worked' with working. I know many Greeks that will work when the boss is watching and sit when no-one is around.
Confucius Say: The best way to save face, is to keep the lower part of it shut. Or in this case....one who doesn't understand, should keep his fingers off the keyboard.Old Greek proverb: "Beware Greeks bearing gifts, especially if it is a big horse."
New Greek proverb: "Only fools repay their loans."
As to the former if Goldman Sachs violated U.S. Securities Law the SEC should take action.An SEC investigation could look at several areas related to Goldman Sachs and Greece's debt issuance. One part of the investigation could review whether debt offerings underwritten by Goldman Sachs in 2000 and 2001 misled investors about the country's true financial condition.
Goldman served as investment banker for Greece as the country borrowed billions by entering complex financial contracts known as cross-currency swaps. The contracts allowed Greece to limit the amount of debt it seemed to be taking on to fund its national budget.
Isn't the new SEC head COO of Enforcement, Adam Storch, from Godman Sachs? This should be fun to watch.As to the former if Goldman Sachs violated U.S. Securities Law the SEC should take action.
As to the second does not Greece have any responsiblity, does anyone believe that Goldman Sachs just cooked this up on their own?!
One would hope that he takes the oath he took and the trust placed in him seriously. On the other side he is a political appointee - and we all heard plenty on TERB during the pervious administration about "responsibility flows upwards."Isn't the new SEC head COO of Enforcement, Adam Storch, from Godman Sachs? This should be fun to watch.
Europe is going to heck in a handbasket. The U.K., Italy, Ireland, Portugal, Spain, etc. Except for the Germans, they have no work ethics. Heard on the news that they are hoping the PRC will bail them out.Who is at fault ? Portugal and Ireland are both in the same boat and the thought of adding Albania or Turkey will just worsen the situation.
Yeah, Europe will continue to carry sequel box office hits in various languages of Ocean Eleven, Ocean Twelve, Ocean Thirteen, Ocean Fourteen, Ocean .......Europe is going to heck in a handbasket. The U.K., Italy, Ireland, Portugal, Spain, etc. Except for the Germans, they have no work ethics. Heard on the news that they are hoping the PRC will bail them out.
Not that the US is in any better shape.Europe is going to heck in a handbasket. The U.K., Italy, Ireland, Portugal, Spain, etc. Except for the Germans, they have no work ethics. Heard on the news that they are hoping the PRC will bail them out.
Irish problem is not low productivity and government spending way beyond their ability to pay, but more a banking problem. Irish workers are among the EU’s most productive.Europe is going to heck in a handbasket. The U.K., Italy, Ireland, Portugal, Spain, etc. Except for the Germans, they have no work ethics. Heard on the news that they are hoping the PRC will bail them out.
We'll hit the bar for breakfast and talk about it.Irish workers are among the EU’s most productive.
The US is in much better shape. The US has a housing stock problem and a debt problem right now, but it has a young population and a strong work ethic.Not that the US is in any better shape.
This may be overly optimistic.The US is going to go through perhaps 10 years of trouble sorting out some of the stupidity in its banking sector, but it is positioned to do well after that.