The Greg and Mail is back

After a prolonged absence I've decide to revive the Greg & Mail. 2012 is an election year in the US, the euro is in grave danger of going the way of the dodo, and the US economy is about to take the Japanese route to stagnation, so I figured this is a pretty good climate for getting this thing going again.

A quick comment on Greece. At first I thought Prime minister Papandreou was being shrewed in calling a referendum on the EU bailout package. It would enable him to credibly print drachmas "just in case" the people of Greece decided to reject the terms of the bailout (pretty good chance of that happening). This would mean that the printing of drachmas could be printed without provoking a full on banking crisis (it would after all be plan B).

Today he announced there would be no referendum. So I'm thinking that he's not shrewed he's throwing darts at a dart board for policy inspiration.