"If The Fool persists in his Folly he will become wise." - William Blake
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Band-Aids for Greece, Ukraine and Global Economy
This week, three sets of meetings sought to defuse three distinct threats to the global economy. All of the gatherings featured suspenseful atmospheres, dramatic posturing and some public tantrums. And their outcomes were similar, too: The participants ended up just buying time, without doing much, if anything, to begin to address the underlying causes of the unfolding crises. In the first instance, President Francois Hollande of France and Chancellor Angela Merkel of Germany traveled to Minsk on Wednesday to compel the Russian and Ukrainian presidents to stem the escalating violence in eastern Ukraine that has ... (full story)
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