The workload is un audited. New duties are not assessed for the effect they will have on existing workload. There is an implicit (and offensive, frankly) assumption that I am not already working to capacity that when a new format for reports is introduced which will require an extra 15 hours of work over a two week period, that I have 15 more hours spare.

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Greece is a relatively small economy, a country of 10 million amid a euro area of some 300 plus million. It turned out that the Greek restructuring was a non event, and further restructuring on Greek debt probably won’t have a huge effect on the global economy. But a crisis in Spain is very different, and if other countries like Portugal, Ireland, maybe Italy, reach a crisis point, that would be very serious and Americans should understand that.

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