Greek lessons South Africa must learn well to avoid the same tragedy

Also read the following related article:

* Author of “When Money Destroys Nations” cautions SA to heed Greece’s warning

There are a number of lessons South Africa needs to learn from the tragedy unfolding in Greece.

We interviewed Dr. Co-Pierre Georg, Senior Lecturer at the African Institute for Financial Markets and Risk Management (AIFMRM) at the University of Cape Town.

Scroll down to listen to the audio.

Excessive debt is a bad idea for governments and individuals.

Dr. Co-Pierre Georg

Today’s debt is tomorrow’s taxes.

Dr. Co-Pierre Georg

It’s a problem when the state is too closely linked to the banking sector.

Dr. Co-Pierre Georg

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