Friday, May 7, 2010

Brought to you by Countries that start with "G"

It seems like European countries that start with "G" are in the news lately. Great Briton just had an election where no one got a majority of the votes and, thus, a coalition of parties will be needed to form a government. Greece has been in the economic news for their lack of economic acumen. Looks like Greece will affect much of the world's markets due primarily to its effect on the European Union, a large economy tied together through its use of a common currency -- the Euro. Looks like the Euro is down to about 1.27 U.S. Dollars.

The Brits definitely have it all over us in the U.S. in terms of their election cycle. There it's four weeks. Here it's somewhere approaching continuous. I could definitely go with the four week cycle. Perhaps then, U.S. politicians would spend more time governing and less time trying to get elected (read "begging for money").

The whole thing with Greece shows just how interconnected and interdependent the world has become. Greece is not exactly a major exporter of anything except, perhaps olive oil, but, because it is part of the much larger European Union, its problems become the world's problems.

Earlier, much of the news revolved around the tragedy in Haiti, so it looks like we're working our way backwards through the alphabet. Who knows, maybe next week, we'll be worrying about France or Finland. Then the whole thing will start all over again.