Greek Lessons for Europe

“It’s when the tide goes out that you find out who has been swimming naked,” the legendary investor Warren Buffet aptly remarked when the global economic crisis hit. And, as we have found out in the meantime, this is as true for countries as it is for companies. Following Ireland, Greece is now the second euro-zone member to have gotten into massive payment difficulties due to the crisis, almost to the point of national bankruptcy.
The New Times
Joschka Fischer