A blog that covers Politics, finance, economics, and science. Perspective is conservative in the non-social sense, but not dogmatically so. Maintained by the Chief Technology Officer of a large Hedge Fund
Friday, June 24, 2011
Why Austerity Doesn't Matter: Greece Is Still Going to Default
Greece's austerity plan, viewed by markets as the saving grace just a day ago, has quickly moved into irrelevance as banks and insurers try to find a path around default.