Averting a Greek Tragedy

With debts in excess of 300 billion Euros, Greece is at the mercy of “outsiders” for financial aid. It is no longer a question of “if” Greece will need foreign help but more a question of “who” will help out. While Greece has raised some funds through the issuance of government bonds, it cannot handle this crisis alone. The million dollar (or 300 billion Euros) question is whether the European Union (EU) will come to Greece’s aid? To answer this one needs to look at some facts: –          The EU is an economic union with high levels of integration. Therefore … Continue reading Averting a Greek Tragedy

Sporting a New Attitude

The reality of professional sports is that it is a highly competitive business aimed at maximising profits. But the last 12 months have been anything but successful for Pakistan cricket. Barring the T-20 World Cup victory in June 2009, Pakistan cricket has struggled on and off the field. The lack of opportunities to host a home series has added to the financial woes of the Pakistan Cricket Board (PCB).  But in all this gloom there is a ray of hope. The recent controversy with the IPL player auction should in fact be seen as an opportunity to make a legitimate … Continue reading Sporting a New Attitude