11 May Greek loan treated with scepticism
As shares surged following intervention from the EU and IMF to stop the Greek debt crisis spreading to the rest of the EU, Christopher Wasserman, President and Founder of the Zermatt Summit is sceptical about the real impact of the loan.
Whilst the loan may avert the crisis from spreading across the EU in the short term, the reality of the situation born out by the recent credit crisis is that trust in policy makers is at an all time low and unless business and political leaders adopt a more stable approach to risk, throwing money at the current crisis is simply a waste of time. The route to sustainable stability lies with our leaders operating under a new and ethical mandate.
It is becoming increasingly critical that we influence the hearts and minds of key decision makers who are responsible for formulating policy in business and government towards responsible leadership, in order to restore stability and identify new opportunities for growth in the world markets, the current market economy has become increasingly ambiguous and contrarian.
Whilst generating unprecedented levels of growth, we are producing more wealth than ever before, but the bail out packages are making the whole exercise a zero sum game.” Christopher Wasserman, adds that “a more fundamental change at a grass roots level needs to be implemented by policy makers and businesses to avoid further crises like this
Christopher Wasserman, adds that
a more fundamental change at a grass roots level needs to be implemented by policy makers and businesses to avoid further crises like this