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Thursday, 24 May 2012


It is sad to observe that once again the EU Leaders, even with the help of their highly experienced financial advisors, have not been able to decide what must be done to solve the Greek crisis and to avert a possible EURO meltdown !!! 

Is this a typical case of "too many cooks spoil the broth" ?  If a business man, big or small, does not promptly solve the basic problems in his company, he faces dire consequences !!!  He faces bankrupcy !!!

Should Greece abandon the EURO and replace it with the New Drachma ?  The next  step would be a hefty devaluation in Greece !!!  Everyone and every country could feel the effect of such action, in particular the Greeks. 

EU Leaders cannot decide.  The result now is that the Greeks will vote on June 17, and they then will decide for themselves what they want Greece to do !!!  This will take time.

This will not be simple and without pain.  There will be riots and demonstrations and tears !!!  Since EU Leaders cannot solve the Greek problem, they should at least prepare humanitarian help for Greece.  People there will be hungry and helpless !!!