What Economic Recovery? Greek businessman sets himself on fire, Greek Prime Minister cancels trip to U.S.

On September 16, in a scene reminiscent of what sparked the recent Tunisian Revolution, a Greek man who lost his business set himself on fire.  Police put out the fire and the man is in the hospital.

On September 17, Greek Prime Minister George Papandreou, suddenly canceled his trip to the United States.  He claims it’s to ensure that all of Greece’s bailout loan commitments are fulfilled.  That doesn’t make sense because those loans just didn’t suddenly materialize, they’ve been in the works for awhile now.  So why the sudden cancellation of his trip to the U.S.?

Some analysts think it’s because Greece is too close to default now: “It’s a sign that things are very tight. Papandreou’s presence is crucial to make sure there are no setbacks with issues that need to be resolved.”-Theodore Krintas, Attica Bank.