Investing in Greece...(3)

You're kidding, right?

Check this out:

* S&P's rating fell to BBB+
* The Greek Minister of Finance ), one Papaconstantinou, said: “There is a lot of will to do whatever it takes to bring down the deficit,” Mr Papaconstantinou told the Financial Times on Wednesday.” But he did NOT specify the way.
* “We are starting off with this huge credibility deficit and there’s not much we can do to change it immediately,” Mr Papaconstantinou said on Wednesday. “Our big concern is how we buy some time. The kind of things we’ve started doing are a significant departure from the past but they don’t produce results right away.” What kind of things??? For one, I know of three companies the fiscal authorities visited and left with some cash in pocket. Guess how many more there are.

Is this part of the things "we started"...


Plus ca change, plus c'est la meme chose.


The Greece motto:

"Important measures are taken to ensure the rich become poor without fail, while unerringly retaining the poor in the their poverty."


Invest?
You crazy? In Greece we don't like investors.