Pages

Monday, April 19, 2010

Greek Red Beans and Rice

I like to use Cook's to find recipes. Here's one they may want to try in Greece. It's very inexpensive, something they're starting to consider very important.

Nutritiouse and delicious!

The whole IMF / EU bailout thing is starting to unravel.
Credit-default swaps on Greece’s borrowings jumped 17 basis points to 455, according to CMA DataVision. The contracts peaked at 470 intraday on April 8. The premium investors demand to buy 10-year Greek government debt over benchmark German bunds rose to the most since before the euro’s debut ...

“There is an intensifying concern that even after receiving support, Greece’s problems won’t ease,” said Philip Gisdakis, a Munich-based strategist at UniCredit SpA ...

The country’s financing costs remain at levels that Prime Minister George Papandreou has called “unsustainable” as investors remain sceptical that he can trim the EU’s biggest budget deficit.
Yummmm! Red beans and rice are on the way! It's the perfect dish to serve after a long day of rioting over austerity measures that you helped to by bring about demanding more benefits than you had earned.
April 19 (Bloomberg) -- European Union and International Monetary Fund officials are due to travel to Athens this week to start laying down conditions for a 45 billion-euro ($61 billion) bailout package as public anger mounts over more austerity measures.

Prime Minister George Papandreou’s decision to call for the talks prompted a reaction of “rage” among 48 percent of Greeks surveyed in a poll in the Eleftheros Typos newspaper yesterday. Nine of 10 people surveyed said they expected the IMF to insist on more belt-tightening. Labor unions have threatened new strikes over the prospect of more budget cuts.
I haven't done the legwork, but I would imagine that if you went back in time about 10 years, you'd find Greek newspapers full of articles about this or that poverty-stricken family and the desperate need for some government program or another. They'd be railing against profit and corporate greed and yelling that the nation needed a fairer distribution of income.

Well, their wishes are coming true. The greedy corporations are getting whacked and everyone's income is heading in the same direction. Yay!

Politics and debates are all well and good, but Mathematics will always win in the end.

No comments:

Post a Comment