Greece ‘Yaka’ haunts the global economy

Monday, 26 September 2011 00:25 - - {{hitsCtrl.values.hits}}

The economic crisis that started in Greece has now spread across Europe, while the United States too is expected to take the ‘plunge’. Stock markets across the globe have taken a battering and there is now talk of another global financial crisis.

Why are we in this economic mess? Very simply, we are borrowing and living way beyond our means, economically and ecologically. Unless there is a check on consumption, credit and creation of ‘imaginary money,’ the global economy will continue to be haunted!