http://www.nytimes.com/2011/07/07/opinion/07thu1.html
"To the NYTime Editor:
A fine, realistic, and helpful article.
When the Eiropeans begin to realize that further austerity measures will make it even more difficult, very likely impossible for Greece to pay back her debt, perhaps then they,(IMF+ECB+EU) can concentrate in aiding Greece to move towards economic growth by providing investment funding. The changes that have began to take place in Greece will make the country attractive for investment. However, the sooner investment funds become available the better. Such early funds will have higher risk than the markets can handle, therefore, IMF, ECB abd EU should step up and begin to provide such funds- of the order of 30 billion euro with appropriate oversight conditions, similar to those that major venture funds would require.""
Regards
John
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John Psarouthakis, PhD
Current activities:
Distinguished Visiting Fellow, Institute of Advanced Studies in the Humanities
University of Edinburgh, Scotland
Professor, Postma Chair for Entrepreneurship
Nyenrode Business University, The Netherlands
Publisher, The Business Thinker, llc. (www.BusinessThinker.com)
Founder and CEO, JP-Management Center, llc. (www.jp-mc.com)
Author, Management / Business books
