News. March 4 (Bloomberg) -- Greece’s pledge to deepen planned budget-deficit cuts failed to yield an offer of assistance from Germany, Europe’s biggest economy, as protesters in Athens seized the finance ministry building and blocked roads in the city center.
My point. It is an old movie. I have seen it before many times. People ask. Politicians give. Politicians gain power because they manage more money. Money is printed. Wealth is not created. Money ends because the markets have a way of catching with bad policies. People think they have been cheated.
Revolution and discontent.
It is not a pretty picture in Europe. The main themes of history, however, have a way of repeating themselves very closely. But we do not learn because the search for power and wealth blinds us.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
Ranked Top Market Timer in 2009 and 2010 by Timer Digest
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