Greece will not manage to get back on its feet without restructuring its debt. There is no way around it. The country's creditors will have to reduce a portion of its debts by extending maturity dates, lowering interest rates or giving them what's called a 'haircut' in financial jargon.
Peer SteinbruckAbout author
- Author's profession: Politician
- Nationality: deutsch
- Born: January 10, 1947
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If You Have A Lemon, Make A LemonadeThat is what a great educator does. But the fool does the exact opposite. If he findsthat life has handed him a lemon, he gives up and says: "I'm beaten. It is fate. I haven'tgot a chance." Then he proceeds to rail against the world and indulge in an orgy of selfpity.But when the wise man is handed a lemon, he says: "What lesson can I learn fromthis misfortune? How can I improve my situation? How can I turn this lemon into alemonade?
Dale Carnegie
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