Reading the Dolma Leaves
Dolmades is that lovely Greek dish of stuffed grape leaves. But all is not well in Greece these days, as more is politically and economically stuffed than dolma. The Greek legislative process led to grand programs, unaccounted investment, outright fraud, a government Ponzi scheme and . . . you guessed it . . . the man on the street left to clean up the mess.
Without the slightest irony, the Washington Post headlines;
Stocks slump as Greece debt downgraded to junk
The downgrade fanned investors' doubts that the proposed economic reforms in Greece will go far enough to prevent the country from spiraling into even deeper trouble.
Goldman Sachs contributed to and egged the Greek Government into their current mess. What a surprise. Further along in the article, its perseverant WaPo reporters opine;
A central question is whether the government will be able to enact the reforms.
Something to ponder in the grape-leaves as we struggle with our own economic reform bill the Republicans have ungra…