Fool me not againBY BENJAMIN ONG | MONDAY, 12 NOV 2012 9:25AMSomehow I feel as confident that despite the current bout of palpitations in the financial markets because of the game of chickens again being played in Washington, America will eventually jump over the cliff. |
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Featured Profile
Judith Fiander
CHIEF EXECUTIVE OFFICER
AUSTRALIAN PHILANTHROPIC SERVICES
AUSTRALIAN PHILANTHROPIC SERVICES
When Judith Fiander first walked in the doors of Australian Philanthropic Services her intention was to volunteer for a few months. Fast forward 14 years and she is the chief executive. Eliza Bavin writes.
I still disagree on one aspect - Greece. With their austerity measures in place Greece has zero chance of growing its way out of its mess. It has no currency policies at its disposal like the US has. How does it fix itself? I don't believe it will until it defaults on its debt and gets out of the euro. I agree with your views on the US and China - they are going in the right direction. Europe on the other hand is an awful mess. Even the strong economies such as Germany and France are being pulled down by Greece and co. The sooner they make the hard decisions the better so we can all move on. Until then there is still the euro story to spook equity markets.