''..As the drama unfolds and the plot thickens, new actors join the stage and the
tension rises. Purgation, or catharsis, releases emotions at the final stage of Greek
tragedies. We may soon find out what form this will take in the real life drama the
Greek economy is going through today, with or without the intervention of a deus ex
machina.
Deficits, debt and credibility
It all began more than four months ago when the newly elected Socialist
government in Greece announced a budget deficit of 12.7% for 2009, more than
double its predecessor had claimed it to be. Greece is not the only country in
Europe with a double-digit deficit. In fact, it finds itself in respectable company with
countries such as the UK and Ireland, and the United States not far behind..''
read more..
tension rises. Purgation, or catharsis, releases emotions at the final stage of Greek
tragedies. We may soon find out what form this will take in the real life drama the
Greek economy is going through today, with or without the intervention of a deus ex
machina.
Deficits, debt and credibility
It all began more than four months ago when the newly elected Socialist
government in Greece announced a budget deficit of 12.7% for 2009, more than
double its predecessor had claimed it to be. Greece is not the only country in
Europe with a double-digit deficit. In fact, it finds itself in respectable company with
countries such as the UK and Ireland, and the United States not far behind..''
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