Foreign governments and investors are watching events in Greece with concern.
Chris Lowe of FTN Financial in New York told the BBC that the US financial community had been shocked by the violent protests.
“The [US] reaction is that [Greek] people will simply refuse to accept the austerity plan,” he said.
“If the Greeks are this upset, then maybe we need to worry about the Portuguese and Spanish and Italians being upset with the cuts they’re going to have to make.”
Gavin Hewitt describes it as “days of angst” where “Europe and its leaders” are in question.
There is the no bailout clause for EMU members. for non-EMU Europe partners there is a limited help in coordination with IMF. Was done with Latvia, Ukraine, Bulgaria and others if I am not mistaken.
Uranium Mining in Niger (Africa), Local activist is taking on mining conglomerate
A total of 80,000 people live in the two cities Areva created in the desert to service the mines. There are no paved roads, but there is plenty of reddish-brown dust, which penetrates into every crack and pore. Well water is radioactively contaminated, and precious fossil groundwater is used in the uranium ore processing plant. The region’s nomads are finding fewer and fewer pastures for their cattle, and people are affected by fatal illnesses. Citizens’ organizations critical of Areva claim that the little money the company pays to the Niger state remains in the capital or simply ends up in the pockets of family members of the longstanding president. When Alhacen is asked what the mine has done for people, he says: “Nothing — except radiation, which will be here for thousands of years.”
About business founders, inventors, entrepreneurs and culture.
[R]eal value creation [by established modern economic view comes from] company creation; that’s the hardest thing to do. Innovating in hostile environments take raw talent and complete suspension of disbelief. The founders who make this happen are the heroes of our industry. (Source)
When I am reading this, then I can’t think that VCs like bank bailouts. And lesson number two, in perspective of the France-CEO-culture topic + foreign affairs (politics). Nobody from the outside should ‘get in’, lecutre them and use force how to do something ‘right’.
Who are you to tell someone what is right and what is wrong.
