Greek Prime Minister: The Devil Made Us Do It

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By Douglas A. McIntyre Updated Published
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The presumed causes for Greece’s deficit and current financial crisis number in the dozens. The most often mentioned are the spending habits of administrations prior to the current one, the way that Greeks have of not paying taxes, and the strength of the unions which object to any cut in the pay of a large part of the Greek population.

Prime Minister George Papandreou has come up with a new reason for Greece’s troubles and it is certainly among the most creative. He claims that corruption and the habit of prosecutors letting fraud and lawlessness continue unchecked has brought Greece to its knees.

“The crisis in our country is not limited to our fiscal problem. It is only the tip of the iceberg,” Papandreou said at a cabinet meeting according to Reuters. He must have been too busy raising money for his nation to have brought up the corruption problem before

Douglas A. McIntyre

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About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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