Menu
Share
Share this story
Close X
 
Switch to Desktop Site

The Greek debt fallout

(Read article summary)
View video

Alex Bailey/Warner Bros./file

(Read caption) A still photo from the 2004 film "Troy" is seen here.

View photo

Greece, already laden with so much debt it can’t afford, has delayed its latest bond sale roadshow for US and Asian investors with no rescheduled date offered. Their sovereign debt problem has yet to improve.

A long hopeless-feeling struggle could remind you of Homer’s Trojan War. The Greeks spent ten long years failing to siege Troy before they decided to get creative. They erected a horse statue, pretended it was a gift, and used it to sneak enough soldiers inside to open the gates and ultimately destroy the city.

About these ads

Curiously, the euro became an accounting currency about ten years ago… perhaps it’s a theme destined to repeat.

Add/view comments on this post.

------------------------------

The Christian Science Monitor has assembled a diverse group of the best economy-related bloggers out there. Our guest bloggers are not employed or directed by the Monitor and the views expressed are the bloggers' own, as is responsibility for the content of their blogs. To contact us about a blogger, click here. To add or view a comment on a guest blog, please go to the blogger's own site by clicking on the link above.


Follow Stories Like This
Get the Monitor stories you care about delivered to your inbox.