HAMBURG, Germany, May 13, 2011 /PRNewswire/ -- Last year, "Das Handelsblatt" appealed for the purchase of Greek government bonds in order to raise confidence in the concerted Greek rescue plan. In an open letter to the Prime Minister, the Editor-in-Chief of "Das Handelsblatt", Gabor Steingart, explained why the journal had lost confidence in the European Union's current policy on Greece and the Papandreous government's remediation measures. The country's bankruptcy is unavoidable, says the Editor-in-Chief. He advises the prime minister to commence debt rescheduling negotiations with the creditors without delay.
The author is an award winning Journalist, the former White House Correpondent of "Der Spiegel" and now Handelsblatt's Editor-in-Chief. His book "The War for Wealth. The True Story of Globalization, or Why the Flat World is Broken" was published in the US, GB, China and several other countries by McGraw Hill, New York, in 2008.
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