Goldmark: In Greece, cuts only go so far
Photo credit: AP Photo | A protesting firefighter holds a Greek flag and flares during a demonstration against the Greek government's austerity measures outside the Greek Parliament in Athens , on Tuesday, Feb. 28, 2012.
It's very tough to make a painful sacrifice if you see little chance that it will lead to something good for yourself or someone you care about.
That's the position Greece is in. The European Union is hellbent on making Greece reduce its debt as a proportion of gross domestic product and forcing it to slash spending. The trouble is, these cuts throw people out of work and interrupt the flow of money that supports economic activity, thus reducing the GDP. So although the amount of national debt goes down -- Greek bondholders just took a big "haircut" in the recently negotiated round of bailout loans -- so does the GDP. And it's the proportion of debt to GDP that serves as a critical indicator of financial health. So Greece winds up chasing its tail and remains unstable both financially and socially.
Give yourself a fab makeover by sporting one of these creative long haircut ideas for 2012. Keep your locks under control with the best styling products and feel free to explore the sculpting options this dimension offers. There are zillion simple and
“We don't mind if you hang out for a while and enjoy yourself.” To help foster this sense of camaraderie, Sole Patch features a “man cave” downstairs where music lovers can listen to some tunes or pick up one of several guitars and make music of their
These sexy medium layered haircuts serve as A-list options to give your locks a dose of urbane glamor. Give yourself a quick beauty update by selecting your new season hairstyles. Choose an in-between dimension if you want to explore the zillion
OpEd > Opinion > OpEd Published: March 2, 2012 5:04 PM By PETER GOLDMARK It's very tough to make a painful sacrifice if you see little chance that it will lead to something good for yourself or someone
