Revolver policy is a dangerous cocktail.
Revolver policy is a dangerous cocktail and in particular if the counterparties are tanned and has many years experience in negotiations and “reading” between the lines.
Greece’s new and relatively young prime minister and finance minister certainly has some qualitative and intelligent skills in the back pocket. Politics, however, is the art of communicating directly and without manipulation of the truth.
The new party in Greece Syriza stormed forward at the elections recently with some very positive future gifts to the Greek people. How it all be funded was unclear ….. perhaps, suspected by appropriation !!
I’m speechless when I know that the Greek ship owners have not paid taxes for many years until it was stopped recently – but the Greek ship owners have moved to the Cayman Islands, Guatemala and other tax-privileged countries long ago. “”For comparison I can mention that the largest Danish shipping company “Maersk Line” has always paid taxes in Denmark and is one of the largest contributors to the Danish tax system and thus the Danish population.
Many other aspects will show up like mushrooms if the Greek government and especially the administration will work after the intension, but before this is the risk of an exit from the EU uncanny great.
All this will of course also have a certain effect for the rest of the members of the EU but not greater than the union can survive with the big giants like Germany, France and perhaps the UK – Right now swirling questions weather the Nordic countries will continue as members of EU. Norway has been “inside” but is now “out” again. The distance, culture and the diversity is apparently very different when particular the economic factors will be rolled up from the closed carpet, and not all are equally enthusiastic about the higher membership fees, that essentially rolls on to the south of Europe.
The question, however, is what the Bank of Greece’s population will with leaders country. The first priority must be the homeless, poor and low-paid workers in order to avoid a total collapse, and a name as being a developing country. Then it will be possible to find a red wire that is palpable. It may be tourism, art, exports of natural crops up-date all ancient values and modernization of the entire infrastructure. And as some of the most important is direct dialogues with other countries and markets where any kind of cooperation is a must for the country’s foreign exchange earnings.
Well, it’s easy to sit at a desk and write all this – but I have, after all, worked several years in West African countries that were 100 years behind the Ultimate Life – This is now reduced considerably and many states will gradually be in line with the so-called civilized world, albeit a different but perhaps better way.