Everything you need to know about this unfolding Greek tragedy #greekcrisis #ECB #IMF

Written by Jason Karaian  wlo is Senior Europe Correspondent for Quartz, based in London.  Before moving to London he was a macroeconomic analyst in Chicago, where he developed an affinity for data and statistics that he now uses to enrich—and demystify—stories about the business world. 

Democracy is messy. The Greeks know this better than most, having essentially invented the concept. 

But by unexpectedly calling for a public vote on its latest bailout proposal, the Greek government—in the name of democracy— has triggered a highly uncertain sequence of events that it seems ill-equipped to manage. The latest brinksmanship led Greeks to empty their bank accounts over the weekend, fearing for the stability of the country’s teetering financial system.

To stem the tide, banks will be closed on Monday (June 29), with withdrawals at cash machines likely limited to just €60 per day when they do reopen. These drastic restrictions are necessary to keep the banks afloat, and more importantly, to keep Greece in the euro zone. The euro itself took a bit of a beating in early Asian trading.

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Pull, Don’t Push, Employee Learning

S. GillStephen J. Gill is a contributor to The Business Thinker magazine.
He is an organizational learning consultant, he facilitates a workshop for ATD titled, “Essentials of Developing an Organizational Learning Culture”, and he is co-founder of Learning2BGreat.com, a resource for creating and sustaining a learning culture in organizations. He publishes a blog at: http://ThePerformanceImprovementBlog.com
DavidDavid Grebow, Chief Executive Officer of KnowledgeStar, is a nationally recognized expert in creating organizational cultures that optimize learning. David is the co-founder and former director of the IBM Institute for Advanced Learning in Zurich and one of the co-authors of Creating a Learning Culture. For 25 years, Fortune 500 companies have employed him to assess the value of their current educational strategies, and create a forward-looking sustainable approach that positions them for success in the Idea-driven digital economy.

The major change in business today is the rate of change. For example, it used to be that the time between conception of an idea and market acceptance was five to seven years. Now a new car model goes from idea to market in 24 months. “Internet time” is just a few months for most things. My public offerings of JP Industries used to take months or years. Now, crowdfunding can raise millions of dollars for a new business in a few weeks. – John Psarouthakis

As the digital revolution continues to fuel the faster rate of change, transforming all aspects of business, from supply chain management to communication, the highest-performing corporations are abandoning traditional “push” training for the “pull” learning model.

Push training is a centralized, top-down model that occurs when management determines what it is people need to know or do and ‘pushes’ educational programs out from a central training group. It’s going to a class or taking an assigned online program.

“In a push training model, learning is test-based. It is all about what you know.”

The push training culture was developed to serve the old Industrial Economy that no longer exists. Long before “Internet time”, producing products and delivering services changed slowly. The shelf life of both, compared to today, was almost glacial, and most workers did not need to learn volumes of information to perform their jobs. Despite the change from the Industrial to the Knowledge Economy over 100 years ago, the vast majority of organizations are still pushing out training to employees the same way now as they did then.

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Greece and Its Creditors Pummel Each Other, but Fight Is Not Over Yet #Greece #NationalDebt


Suzanne Daley is a foreign correspondent covering Europe for The New York Times.

Like prizefighters, the two sides of the negotiations over the Greek bailout have been circling each other, throwing punch after punch.

On Friday, Greece’s prime minister, Alexis Tsipras, headed to Russia and suggested he was looking for “safe harbors,” while the day before officials at the European Central Bank sent gasps through Athens by declaring that Greek banks might not open on Monday.

It is a mesmerizing slugfest, if only because it is so out of step with the way things are usually done in the pastel corridors of the European Union headquarters in Brussels, where agreements are hashed out behind closed doors and all parties emerge with smiles and set scripts.

Perhaps as never before, Europe — and indeed the world — are witnessing a messy public negotiation, where each side seems willing to predict the end of civilization as we know it unless the other caves in.

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