Beware Greeks blaming speculators
Why carry the can all on your own when you can point the finger of blame at others? So it goes with Greece, who are happy to join leaders from across Europe in attacking speculators for the woes afflicting the country. Apparently it’s unfair that Greece faces higher borrowing costs than Germany. Just one thing — as Stephen Bartholomeusz of Business Spectator points out — the Greeks lied to the markets about the state of their finances. And now they expect investors to just trust them that they’ll be able to repay their debts?



