Moody’s downgrades handful of German bank credit ratings | Business | guardian.co.uk

Angela Merkel, chancellor of Germany.

Angela Merkel, chancellor of Germany. (Photo credit: Wikipedia)

This is an interesting story reported in the Guardian. Check it out!

Moody’s downgrades handful of German bank credit ratings | Business | guardian.co.uk.

Germany is now feeling the pain, as well.

It will be interesting to see if this helps to change the prevailing political views in Germany. I wonder how Chancellor Angela Merkel will respond?

Greeks say they are the hardest-working European nation: Stereotypes of Europe | The Economist

Parthenon from west

Parthenon from west (Photo credit: Wikipedia)

This is a very interesting blog from the Economist.

Greeks say they are the hardest-working European nation: Stereotypes of Europe | The Economist.

It is interesting to reflect on statistical evidence confirming that the Greeks are the hardest working in Europe but are probably the least efficient in terms of productivity and the country is the most politically corrupt. It is also timely to reflect how the proud Greeks will vote in their General Election in a few weeks, with so many Greek citizens now hardened against austerity.

To me, most bankers, international commentators and politicians appear to have written off Greece, and are only concerned with the damage limitation of a Greek default.

Greece has been written off many times since the glory days of Ancient Greece but Greek citizens will need to reflect very carefully when they vote, this month.

Will Greece rise again?

If so, when and how, and what will take to make it happen?