Prime Minister George Papandreou, speaking in an interview with the Polish magazine "POLITYKA", last Thursday during his visit to Warsaw, stressed that "the markets function like a herd. They graze peacefully, like cows in a grazing field, they grow, they swell like bubbles and afterwards, suddenly, they break out in a panic and then it is no longer easy for one to calm them."
Papandreou stressed that in each one of the three countries that have resorted to support from the European mechanism, something different went wrong. More specifically, Greece had no problems with the banks, but with the debt of the state and the crisis of confidence in it.
source: ANA-MPA
