Greece

I am concerned that the Greek people may force the hands of the politicians,and boycott any plans for further austerity.
All in all I am amazed that anyone is still trading with clowns like B of E throwing £50 billion into the ring, to counteract the other forces,such as the impending collapse of the PIIGS- funny how everyone has gone so quiet there- yet ALL of Italy's banks were downgraded by S&P
http://uk.reuters.com/article/2012/02/11/uk-italy-banks-idUKTRE8191QJ20120211
Are we to think that the others-Portugal,Ireland and Spain are all top drawer institutions?
We need to take the hit, like adults, and move on.
The big economic powers have shown that we can work in concert- G20 etc,so it's time to act like adults. Admit the errors,accept the downturn is not going away ( recession has been the actuality for the US since 2003) and tighten our belts for a few years.
Growth is illusory when debt outweighs income