Mereja

Author: Serkadis

  • Elastic rubber wheel at rock-bottom price

    Grey/Pink elastic rubber wheel with aluminium centre Ø 160×50 mm – Ball bearing – Bore 20 mm – Load capacity 350 kg.
    The elasticity of the rubber makes it recover to round shape rapidly and gives a lower rolling resistance compared to standard quality rubber.
    High wear resistance, floor saving and non-marking.
    Smooth and silent running with shock absorbing properties.
    Low weight.

  • Malvern Instruments opens third centre of excellence in India

    On 10 February 2010 materials characterization expert Malvern Instruments opened a third centre of excellence in India, established through its joint venture company Malvern Aimil Instruments Pty. Located in Delhi, and designed to serve customers in the north and north east of India, the new centre of excellence houses laboratories that are equipped with a range of Malvern systems and staffed by a full time applications team. They will provide demonstrations and deliver training, applications and technical support as well as undertaking sample analysis.

    Malvern Aimil Instruments Pty was formed in 2008, the result of a joint venture in India between Malvern Instruments and Aimil, the company’s longstanding distributor in the region. Headquartered in Mumbai, Malvern Aimil Instruments has eight offices around India, and centres of excellence in Bangalore and Baroda, as well as the new facility in Delhi.

    Cutting the ribbon in Delhi were Paul Walker, Managing Director of Malvern Instruments, and Arvind Verma, Managing Director of Aimil. Both are delighted with the success of the joint venture and reinforced the company’s commitment to providing the highest possible level of customer support to users throughout India.

    “It is thanks to the success of Malvern Aimil and the growing number of Malvern customers in India, that we need to extend our training and support facilities,” said Paul Walker. “The new centre of excellence in Delhi will ensure that we deliver increasingly local support for our many customers in the north and north east of India, effectively and in a timely way. We want to ensure that all users of Malvern systems enjoy the same high level experience wherever they are in the world.”

    He went on to say: “The collaboration between Malvern and Aimil has allowed us to focus on providing a high level of specialist support tailored to the needs of the Indian market. Malvern Aimil has built a strong reputation for the supply and support of systems for particle characterization, rheological measurement and chemical imaging to a wide range of sectors. Most recently we have moved to providing direct support for Viscotek GPC/SEC systems in India, following Malvern’s acquisition of Viscotek.”

    The opening ceremony was attended by a number of customers, members of the Malvern Instruments Board, senior Malvern Aimil personnel and the teams from the Delhi Centre of Excellence.

    For more information about Malvern systems visit www.malvern.com

  • New Website in English launched

    Deggenhausertal, February, 12th, 2010

    The new Magnetbau Schramme Webpage presents itself in a completely new design. In conjunction with the Salem-based company KS Webentwicklung, the new corporate design was swiftly adapted to the new Web presence. Here, General Sales and Marketing Manager Jens Preetz, attached great importance in ensuring that all relevant Schramme employees can maintain and design the contents of the Webpages, without requiring special programming knowledge. This was achieved with the use of a so-called Content Management System. “TYPO3 currently is one of the premier tools for this, and with the support of Konrad Schiertz from KS Webentwicklung, we were able to swiftly implement the adaptation of the new corporate design. The contents can now be further developed, and we have the possibility of always being up-to-date. The Webpage looks very good.“

  • New Image Broshure of Magnetbau Schramme

    eberlingen/Deggenhausertal, 1. December 2009

    At Magnetbau Schramme, the new corporate design is also reflected in a new image brochure.

    Together with the Ueberlingen agency “vergissmeinnicht”, the manufacturer and developer of electromagnets, Magnetbau Schramme, completed their new image brochure. Project Manager, Mrs. Costa-Filipe, from vergissmeinnicht states: “A brand also strives on design and visual language. In the Image Brochure, we kept to the basic aspect of the given corporate design. The brochure itself is square-shaped with rounded corners, just like the logo, and has also been implemented in the Web. The visual language is personal and harmonious – the content is brief, apt and informative”.

    You can download the Image Brochure in the download section of the Webpage

  • New 20 mm stepping motor

    20 mm frame size and 30 mm motor length are the new minimum size at Oriental Motor. The newest, smallest type of the 2-phase stepping motor series PK realizes a holding torque of 0.02 Nm.

    The positioning accuracy of stepping motors is now also available for much smaller applications. With a weight of only 50 g the new PK-types are lightweight as well. Due to high torque technology the holding torque is up to 0.02 Nm. The new motors are available as bipolar or unipolar type with four or five leads. For both types the rated current is 0.5 A/phase with 8.5 Ohm resistance. Single and double shaft versions make various applications possible, the basic step angle is 1.8°. Application areas are e.g. the medical technology with micromanipulators or microscope tables.

  • Now It’s Their Turn: Indian Industrial Growth Accelerates To Twenty Year High

    India Car Woman

    India’s December industrial output grew at the fastest rate in two decades based on latest official data.

    Keep in mind that India has injected its own fair share of stimulus into its economy.

    Manufacturing is just 20% of India’s economy, but soaring Indian growth is a reminder that the world has backup emerging market growth drivers beyond China.

    AFP:

    Production by the country’s mines, factories and utilities rose 16.8 percent in December from a year earlier, the best increase since March 1990 and easily outstripping analysts’ forecasts of 12 percent.

    The strong numbers were expected to boost arguments for the government to start rolling back the stimulus measures that helped shield the economy from the worst of the global downturn in the budget due at the end of the month.

    The data showed manufacturing rose 18.5 percent in December from a year earlier while consumer durables production, including cars and appliances, soared by 46 percent.

    …

    “Most of the sectors which had demonstrated their resilience and capacity to grow have further improved,” Commerce Minister Anand Sharma said.

    Read more here >

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  • Google Maps Finally Gets a 'Lab' for Zany Experiments

    Google products wear their beta tag with pride. Gmail was in beta for five years before, reluctantly, shedding the label to the disapproval of nostalgic users. The company always updates its products too and runs maybe hundreds of live tests at any given time. Even so, it still had the need for a dedicated testing section where the most ‘dang… (read more)

  • They’re Coming!

    Article Tags: Satire, YouTube

    With thanks to our Canadian stars: www.ILoveCO2.org and Facebook: www.facebook.com/GreenTruth

    Relax, your footprint is green.

    Sent to you by

    Hans Schreuder
    www.ilovemycarbondioxide.com

    Read in full with comments »   


  • Why Biomedical Jobs Are Recession Resilient

    David Gollaher wrote:

    Biomedical employment has held remarkably steady in San Diego and throughout California, even though other parts of our economy saw steep declines and the highest unemployment levels since the Great Depression. That was the top-line finding of the 2010 California Biomedical Industry Report, just released by the California Healthcare Institute (CHI) and PricewaterhouseCoopers.

    San Diego saw the strongest employment growth among the state’s main biomedical clusters. Despite the recession, biomedical jobs here grew 2.5 percent—from 23,545 in March 2008 to 24,123 in March 2009—expanding faster than in the San Francisco Bay Area, Los Angeles or Orange County. Statewide, the biomedical industry puts nearly 274,000 Californians to work in jobs that pay an average of nearly $75,000.

    Biomedical jobs are a critical part of economic recovery, not only regionally but also statewide. Factoring in the multiplier effect—the additional employment in firms that provide services and supplies to life sciences companies—the biomedical industry accounts for more than 750,000 direct and indirect jobs statewide. The biomedical industry is the second largest sector of California’s high-tech workforce, after computer and Internet-related services.

    So why have biomedical jobs been so recession resilient, particularly in San Diego? In part, the answer lies in the relative youth of the industry. Biotechnology was born in San Francisco in the late 1970s. And many companies are just now bringing their products to market, adding manufacturing, sales and marketing staff to support their launch. Meanwhile, the demand for new medicines and treatments is strong and growing. Aging populations around the world mean the need for innovative technologies will only increase. San Diego should remain a magnet for jobs and funding, with its leading biopharmaceutical and diagnostic companies, top universities and world-class research institutes.

    According to a survey of the top 200 biomedical employers in California commissioned by CHI and PricewaterhouseCoopers in November 2009, the industry is positioned for robust growth. Yet how much of this takes place in California remains to be seen. Over the next two years, 81 percent of biomedical companies expect to maintain or increase their workforce in California. At the same time, though, two-thirds of them also expect to increase their out-of-state manufacturing workforce over the next two years, while more than half (58 percent) anticipate expanding their research and development workforce outside of California.

    Biomedical innovation delivers not only global advances in healthcare, but the jobs that drive our economy. While the biomedical industry is weathering the recession, it faces unprecedented challenges – access to capital, the educational funding crisis and uncertainty surrounding healthcare reform. Now more than ever, the sustainability of California’s biomedical industry depends on decisions made in Sacramento and Washington.

    If we want to keep high-quality biomedical jobs, we need to create an environment that rewards companies and research institutes for growing and hiring here. At stake is not only the economy, but also our promise of scientific innovation that benefits patients around the world.

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  • The Euro Is Just Getting Spanked Today

    The euro is taking it in the gut this morning, presumably as a result of the very weak economic numbers coming out of the Eurozone, and ongoing Greece fears.

    euro

    Here’s a full 24-hour chart. It’s clear there have been two pronounced dips.

    euro

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  • Inside the Climate Bunker

    The disintegration of IPCC ‘s vaunted authority  and the reputation of its leader is spelled out starkly here.
    I simply do not see how they can plan to rebuild.  Their product is scientific credibility and they have been caught playing fast and loose to support an agenda.  Greenpeace does it better and no one actually believes a word they say for good reason.
    India has outright bolted and most other countries are surely embarrassed. More shoes are going to fall.
    The problem lies in the awarding of the Nobel Peace Prize for its flawed efforts.  The illustrious committee has been quick to support what may be best described as politically correct and fashionable causes.  They often get it right.  Yet at time as they must, they get it horribly wrong also.
    When an award is granted for a science, it has been long since subjected to peer review.  I suppose the IPCC was thought to be so acclaimed.  Today its advocacy has been publically exposed.  I wonder how you go about retracting a Peace Prize.
    In fact, I wish the committee would abandon the annual presentation of the Nobel Peace Prize simply because there are few enough worthy candidates to support an annual presentation.   If instead nominees were reviewed and placed on a short list and not awarded the prize as insufficiently timely, then the benefit of promoting peace could be sustained.  It might even encourage a few to honor a treaty or two for a few years
    Inside the Climate Bunker
    How global-warming deniers are running circles around the U.N.’s top climate body.
    BY CHRISTINA LARSON | FEBRUARY 9, 2010
    Three years ago, Rajendra K. Pachauri was accepting the Nobel Peace Prize on behalf of the Intergovernmental Panel on Climate Change, the U.N.’s climate science panel. Now the IPCC head is under fire from critics for a catalogue of recent embarrassments: his initial kneejerk defense of the “Climategate” emails (Pachauri first questioned the motives of those who had hacked into the University of East Anglia’s email system, then said there was “virtually no possibility” that IPCC findings were impacted), the fight he picked with the Indian environmental minister when the latter questioned certain data on glacier melt within India (Pachauri called  the government report’s “voodoo science“), and the steamy soft-core novel, Return to Almora, he released last month (somewhere between memoir and fantasy, it features the sexual exploits of a 60-something globetrotting climate expert, and has scandalized an Indian public not accustomed to its masturbating scenes and erotic explicitness).
    Few stars have risen and fallen so quickly as Pachauri’s, who has gone from being an international climate hero to subject of increasing ridicule at home and abroad. Pachauri, an economist and former railroad engineer from a small town in the Himalayan foothills of north India, assumed his position at the helm of the IPCC in 2002. At the time, he had the enthusiastic backing of the Bush administration, which had grown tired of fielding industry complaints about his predecessor Robert Watson and hoped (wrongly, it turned out) that Pachauri would prove less vocal in his calls for carbon-reduction efforts.
    But even as his credentials and honors stacked up — from the government of France anointing him an “Officier de la legion d’honneur” to GQ India naming him 2009’s “Global Indian of the Year” (FP even named him a “top global thinker” last year) — Pachauri couldn’t quite discipline his tongue. Or perhaps he didn’t care what impression his verbal zingers left. In 2008, he told the Chicago Tribune: “I tell people I was born a Hindu who believes in reincarnation. It will take me the next six lives to neutralize my carbon footprint. There’s no way I can do it in one lifetime.”
    But he attracted the most attention for barbs directed at his critics, calling those who’ve questioned IPCC reports “flat-earthers” — “they are indulging in is skulduggery of the worst kind,” he told the Financial Times— and generally bristling at the prospect of unwanted scrutiny, without providing clear answers to valid questions about his stewardship.  (“My conscience is clear,” he announced to the New York Times this week.) But while Pachauri’s larger-than-life persona and propensity for conducting himself as though beyond reproach catches attention, these characteristics don’t in and of themselves defame the organization he heads — as much as global-warming deniers are happy to seize upon any opportunity to poke holes in climate science in general.
    There is, however, at least one item in the recent round of Pachauri-bashing that does the U.N. panel no credit: a glaring error in an IPCC report about the date by which Himalayan glaciers are likely to have disappeared entirely. The underlying technical report of the panel’s 2007 climate assessment  erroneously stated that by 2035 the glaciers would be gone entirely, when scientific consensus places the date much later (studies cited by the BBC project a date closer to 2350 — more than 300 years later).
    The 2035 date was an alarming, attention-grabbing finding — and many journalists, including Stephan Faris last year in Foreign Policy, cited it as evidence that global warming is an urgent crisis. But, after the Indian government released its own report with conflicting glacier-melt data last fall, glacier scientists went back to the IPCC report and began to raise questions about the 2035 date. The chatter among experts was picked up in Science magazine last year, before spilling into the mainstream media, which has already been primed by the “Climategate” saga and a disappointing outcome in Copenhagen to turn climate-science disputes into heightened political narratives. (The initial error may have come because the IPCC cited a decade-old interview in The New Scientist which quoted a scientist mentioning the date 2035, as opposed to sourcing peer-reviewed scientific literature.)
    With all the attention, one might think the IPCC would by now have a precise and consistent explanation — or point to an ongoing investigation — for how this error crept in. Alas.
    It is telling that when I wanted to inquire about just how such an eye-popping error had made its way into the report, I was able to speak with the very the scientist responsible for coordinating that section, as opposed to a well-rehearsed communications officer. (Media savvy does not come naturally to the IPCC, a two-decade-old body charged with identifying points of scientific consensus among the growing body of expert literature on climate change. And even as the weight of the world rests on its shoulders, the panel still relies largely on unpaid scientists who volunteer their time.)
    That scientist, Christopher Field, is director of the Carnegie Institution’s Department of Global Ecology. His own work focuses on the carbon cycle, and he cochairs the working group responsible for the section of the IPCC assessment that deals with impacts, adaptation, and vulnerability, including glacier melt.
    If anyone has the wherewithal to identify precisely how the error survived the panel’s extensive review process — which involved soliciting more than 2,500 reviewers and experts, and more than 9,000 review comments — it would be him.
    Here is what he told me:
    “That statement [about Himalayan glacier melting by 2035] is in the literature that the report cites, but it’s not a statement consistent with other scientific information available … It should not have made it into final report.”
    In other words, an outlier source was picked up by the chapter’s authors. But what of the vaunted review process? With all the input and reactions from some so many scientific experts, did no one flag that item as questionable?
    “No … In principle, [our process] should have turned over every rock and leaf in the forest.”

    Interestingly, the error did come to light last fall, nearly two years after the report’s initial publication, when competing glacier-melt data was released by India‘s ministry of environment and forests. That discrepancy quickly focused the attention of international glaciologists on both sets of data, and questions about the particulars of IPCC glacier data soon surfaced. (This, of course, raises the question of whether the IPCC’s process for soliciting peer comments is targeting the right people.)
    So when it became clear that a storm was brewing, how did the IPCC respond? Sloooowly.
    The first rule of political damage control is to admit mistakes quickly and control the narrative, but the IPCC is still not accustomed to operating in the news cycle as opposed to on a more academic timetable. Field says that the brewing controversy was clearly on the IPCC’s radar screen by Jan. 1, but that it then took until Jan. 20 for the panel to meet and put a press statement online.
    “The IPCC is kind of slow responding,” Field says. “It took two weeks to analyze the situation and get the statement on the website.”
    And now that the IPCC has acknowledged an error, what comes next?
    “The IPCC does not have a formal error correction policy in place … Historically the approach is to address [any errors] in the next assessment [due out in 2014], but in the current environment, where there is now a lot of connection to the news cycle, waiting for next assessment is not good option.” He adds that it is a “high priority” to develop one.
    David Victor of Stanford’s School of International Relations and Pacific Studies says: “They [the IPCC] have kind of a bunker mentality — it’s not excusable but understandable.”
    In the time since the U.N. created the IPCC in 1988, global interest in climate change has risen dramatically, and so, too, the spotlight on and expectations for the scientific panel.  “The stakes and the pressure have both gotten higher,” says Andrew Revkin, the longtime New York Times climate reporter and author of theDotEarth blog. “The IPCC was an experiment from the get-go — there’s never been anything like it … it’s still more of a 20th-century process than a 21st–century process.”

    The ambition and global importance of the IPCC is growing, while its methods and resources are struggling to keep up. Confusion, not orchestrated bias or, as some have asserted, greed, seems the most likely cause of recent slipups. But with the fate of the planet in the balance, that’s not good enough.

  • China Just Raised Its Reserve Requirements Once Again

    zhou china chinese

    Heads up: The only central bank that matters anymore, the PBOC, just hiked reserve requirements once again.

    Bloomberg: The reserve requirement will increase 50 basis points effective Feb. 25, the People’s Bank of China said on its Web site today. The current level is 16 percent for big banks and 14 percent for smaller ones.

    China’s policy makers aim to avert asset bubbles and restrain inflation after flooding the economy with money last year to drive the nation’s recovery from the first global recession since World War II. The central bank said yesterday that it wants to gradually normalize monetary conditions from a “crisis mode” after gross domestic product expanded a more- than-forecast 10.7 percent in the fourth quarter from a year earlier, the fastest pace in two years.

    Meanwhile, along with expectations that Australia is about to raise rates again, it seems the tightening cycle is back in earnest.

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  • EPA Mandates Rely On Unsettled Science, Shannon L. Goessling, Investors.com

    Article Tags: Editorial

    That the Obama administration and the Environmental Protection Agency are on the wrong climate path is the understatement of the decade.

    Recent disclosures through ClimateGate, an EPA whistle-blower and a daily barrage of scientific data call into question every assumption of the United Nations’ Intergovernmental Panel on Climate Change (IPCC).

    These disclosures make it clear that the EPA’s rush to regulate every aspect of American commerce, energy and consumer choices is based on flawed and perhaps even fraudulent scientific data.

    Even according to a number of IPCC scientists, if the entire planet adopted the Kyoto Protocol and additionally ceased all productive activity worldwide tomorrow, the global temperature might be reduced slightly less than 1 degree — in 20 to 50 years, a trivial “benefit” purchased at catastrophic cost.

    Source: investors.com

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  • IMF Jumps On The Greece Bandwagon: We Pledge Support But No Money

    IMF

    Now the IMF has pledged its ‘support’ for Greece alongside the European Central Bank and the European Union.

    Financial support, unfortunately, has yet to be quantified:

    CNBC:

    The IMF’s declaration follows an EU summit, which sent Athens a “clear message of solidarity,” but produced no specific rescue plan, disappointing markets and sending both the euro and Greek government bonds lower.

    “We stand willing and able to support Greece in ways that the Greek authorities think is appropriate,” IMF First Deputy Managing Director John Lipsky told reporters on the sidelines of an international central banking conference.

    An EU source told Reuters earlier the bloc looked to draw on IMF expertise on designing financial rescues, but not the Fund’s money.

    Markets aren’t stupid (or at least aren’t always stupid), jawboning means nothing these days. You have to show markets the money otherwise they won’t be impressed for long if even at all.

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  • Nigel Lawson’s Statement On The CRU Inquiry

    Article Tags: ClimateGate, Nigel Lawson, Statement

    As the first person to call for an independent inquiry into ‘climategate’, I regret that what has been announced today is defective in a number of ways. The inquiry will wholly lack transparency, with the hearings held in private, and no transcripts to be published.

    The terms of reference, while better than nothing, are inadequate in a number of ways, not least the failure to include the question of the efforts made by CRU scientists to prevent the publication of papers by dissenting scientists and others, contrary to the canons of scientific integrity. And the objectivity and independence of the inquiry is seriously called into question by the composition of Sir Muir Russell’s team, in particular the Editor in Chief of Nature, who has already published an editorial on the matter strongly supportive of the CRU scientists and accusing their critics of being ‘paranoid’.

    We will, of course, suspend final judgment until we see the report of the inquiry.

    Nigel Lawson, Chairman of the Global Warming Policy Foundation

    Source: thegwpf.org

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  • ‘Climategate’ review panellist quits after his impartiality questioned, by David Batty and David Adam, The Guardian

    Article Tags: ClimateGate, Headline Story

    Nature editor Philip Campbell forced out of independent panel after saying there was nothing to suggest a cover up by scientists at the University of East Anglia

    A member of an independent panel to investigate claims that climate scientists covered up flawed data on global warming has been forced to resign after sceptics questioned his impartiality.

    Philip Campbell, editor in chief of Nature, stepped down from the panel yesterday, just hours after its official launch, after an interview emerged in which he said there was nothing to suggest a cover-up by climate scientists at the University of East Anglia.

    Resigning, Campbell said: “I made the remarks in good faith, on the basis of media reports of the leaks. As I have made clear subsequently, I support the need for a full review of the facts behind the leaked emails. There must be nothing that calls into question the ability of the independent review to complete this task, and therefore I have decided to withdraw from the team.”

    Sir Muir Russell, the chairman of the inquiry, said: “I regret the loss of his expertise, but I respect his decision.”

    Clck source to read more

    Source: guardian.co.uk

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  • EU Has A ‘Public/Private’ IP Observatory To Watch For Copyright Infringement Online

    Bas Grasmayer points us to a blog post by Christian Engstrom, an EU Parliament member (yes, from the Pirate Party) who notes that while he was in a committee trying to address whether or not an “IP Observatory” should be created, he discovered it already existed. The Observatory appears to have been set up not to promote progress or even to make sure that intellectual property was a net benefit, but instead it appears to just start from the unproven premise that of course it’s a net benefit, and thus it’s only focus should be on stomping out infringement. And, of course, it appears that most participants are actually from industry, with a few “nominated representatives from Member States” along for the ride to give the Observatory a sheen of legitimacy as a quasi-gov’t organization, even though it appears like just another industry association. Engstrom finds the whole thing baffling:


    So much for the involvement of the European Parliament on this issue. We have been invited to hold an exchange of views in the JURI committee, and we are currently spending time on drafting a resolution on if and how the IP Observatory should be set up.

    But before we (the parliament) were invited to join the discussion, the decision had already been taken, and the IP Observatory had already been set up and started working. It’s just that the representative of the Commission forgot to mention this detail when she was presenting the initiative to the JURI committee.

    Government for the people?

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  • YouTube Gets the Google Speed Bug, Releases Video Speed Dashboard

    Saying the people at Google are bit obsessed with speed is beginning to sound quite repetitive, but they seem to want to prove it every week or so. This time it’s YouTube’s turn, with a speedier and lighter redesign in the works, the video site has unleashed a new tool for those bitten by the speed bug among us. Precisely named Y… (read more)

  • Stock Futures Headed Lower After Weak German Growth And Lack Of Deal On Bailout

    Futures were roughly mixed overnight, however weak GDP numbers out of Germany is pushing markets lower.

    There’s still no deal on a bailout either, as comments out of Angela Merkel’s office seem to be undermining what was announced early Thursday, according to The Guardian.

    It’s going to be a busy weekend in Brussels!

    spfutures

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  • Morgan Stanley: If Greece Leaves The Euro, It’s Over

    Being part of the euro system has been both a blessing and a curse for Greece. On the one hand they've had the advantage of a major international currency and the implied backing of other Eurozone nations.

    On the other hand, some of Greece's debt problems have been exacerbated by the nations inability to independently devalue its currency or change interest rates in response to crushing debt levels.

    Yet Morgan Stanley's Emma Lawson points out that whether Greece likes it or not, at this stage they must stick with the euro. If they left today, the country's already disastrous debt problem would become an outright catastrophe due to euro-denominated liabilities:

    Morgan Stanley: However, Greece can neither raise interest rates nor directly weaken its currency, thus increasing the internal pressures. This highlights the pressures on the EUR, should the situation in Greece worsen. It also highlights why Greece would be extremely unlikely to want to exit the common currency – as the likelihood of an extremely sharp depreciation of Greece’s new currency would be high. With liabilities in euros and free capital flows, it would be an extremely difficult economic position for Greece to be left in.

    ...

    Exhibit 3 shows the rapid increase in the ratio of short-term external debt to reserves, while Exhibit 4 shows Greece’s relatively lower level of reserve assets to GDP. In the event of a sudden withdrawal of capital, Greece would have a difficult time preventing a currency crisis, if it were not in the common currency.

    chart

    Chart

    Which means that, ultimately, Greece has no choice but to do exactly as they are told by the Eurozone.

    (Via: Morgan Stanley, Olympian task, Emma Lawson, 11 Feb 2010)

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