Europe’s future in Greece’s hands | The Economist

English: Alexis Tsipras in a press conference ...

English: Alexis Tsipras in a press conference in Komotini. Ελληνικά: Συνέντευξη Τύπου του Αλέξη Τσίπρα στο ξενοδοχείο Ξενία στα πλαίσια της επίσκεψης του στην Κομοτηνή 13.11.2008 (Photo credit: Wikipedia)

This important lead from the Economist is well worth a read. Check it out!

via Europe’s future in Greece’s hands | The Economist.

The bottom line is that Mr Tsipras, the current Prime Minister of Greece must go. Greece will get a better deal with another PM.

Mr Tsipras was elected on an anti-austerity ticket. The reality is that five months of his leadership has brought Greece to banana republic status. The next leader of Greece must be trusted both at home and abroad, plus he/she must have the political mandate to deliver reforms.

Thoughts?

 

Opinion: EU must end austerity and restructure debt – CNN Money

This is a powerful, must-read article from CNN Money. Check it out!

via Opinion: EU must end austerity and restructure debt – CNN Money.

As the ECB struggles with three massive hurdles this month to get QE into play, the media is dredging up all the ‘downside-risks’. The risks are real. In short, ‘too much austerity for too long’ has created an economic, social and political crisis. Add the following risks and the potential impact is compounded:

  • Increasing polarization of power towards the hard-left and hard-right
  • Radical Islam
  • Economic sanctions on Russia

Having spent thirty years, delivering effective strategy here’s my two cents. The only safe option is radical transformation. It’s time for the ‘big strategy and ‘big bazookas’.

Thoughts?