Will Greece Default?
The October 2010 issue of contains an illuminating article by Michael Lewis about Greece’s current economic and fiscal condition.Vanity Fair
“As Wall Street hangs on the question ‘Will Greece default?’,the author heads for riot-stricken Athens, and for the mysterious Vatopaidi monastery, which brought down the last government, laying bare the country’s economic insanity. But beyond a $1.2 trillion debt (roughly a quarter-million dollars for each working adult), there is a more frightening deficit. After systematically looting their own treasury, in a breathtaking binge of tax evasion, bribery, and creative accounting spurred on by Goldman Sachs, Greeks are sure of one thing: they can’t trust their fellow Greeks.”
Books by Michael Lewis