Greek finance minister Evangelo Venizelos vehemently rejected the plan, revealed by the Financial Times, saying it left the country with the choice of ‘financial assistance’ and ‘national dignity’.
The Greeks are upset that Germany is so demanding. They remember, perhaps, WWII.
But what happens between Germany and Greece happens also to all of us.
Those people who study, apply themselves, work hard, and try to constantly improve achieve more wealth. They are likely to buy the assets of those of us that forgot that hard work is a major ingredients to achieve wealth.
The "wealthy" are now buying the foreclosed assets of those who did not think ahead. Like Greece. Productivity differential drives wealth differential among countries and among people.
More details in my The Peter Dag Portfolio , in Dag's Exclusive Market Alert, and my free educational videos on http://www.peterdag.com/.
George Dagnino, PhD
Editor, The Peter Dag Portfolio. Since 1977
2009 Market Timer of the Year by Timer Digest
To find out more about my in depth views of the markets and my strategy just visit our website https://www.peterdag.com/ where you can subscribe to The Peter Dag Portfolio. You can also call me at 1-800-833-2782 to discuss your specific investment portfolio.
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