Like a game of golf
The golfing world has seen an epic week as Rory Mcllroy climbed to number 1 in the golf rankings after a well deserved win at the Honda Classic last weekend. We have now seen four European golfers reach number 1 spot over the past year – Luke Donald, Martin Kaymer, Lee Westwood and now the Irish lad Rory McElroy. Whilst it has been a rather successful time for European golf, it has been pretty rough in the European economic arena.
Greece is truly in the deep rough, and they can’t appear to get out no matter what club they use. It has been announced in Athens that private investors would agree to a deal preventing Greece from defaulting on its debts and potentially descending into economic turmoil. Seriously, how many mulligans will Greece receive until they eventually have to settle for a long overdue triple bogey. The sentiment from many investors is that they feel like they are hitting a continuous shank shot and as a result have largely switched off, suffering from a two-year-old disease called“Greek fatigue syndrome”. Others deride the deal as almost irrelevant as they believe Athens will have to default at some point to have any chance of reducing its debt burden down to manageable levels. Either way, this story still has a fairway to go.
Let’s face it, just as most of us will never be a Rory McElroy, Greece will never be a Tiger economy; but maybe one day (with a few more lessons from the Pro), it’ll get it’s handicap down to a respectable level.