Sounds like he’s coaching a youth football team.

He says the IMF and partners are ready to aid European periphery countries so long as they are willing to make effort.

Not success, just effort. Go ahead, just try and cut spending…Couldn’t do it? That’s okay, nice try. Hang in there…Chin up.

Glad its not my money he’s handing out. Oh, wait.

  • The overall Greek fiscal system is broken but can be fixed; it is a matter of political will
  • Critical question is one of competitiveness
  • Greek situation exceedingly difficult
  • Greek program has a reasonable chance of success if implemented fully

Great. A reasonable chance. I’m sold…